I am FUCKING SCREAMING AS A HISTORIAN. PEOPLE ARE BUYING AI STOCKS ON THE MARGIN
What that means is this: you take out a loan to buy stock, say that stock then goes up 2%. You pay back the loan, and pocket the increase.
But Gabriel? Why is that bad?
WELL MAYBE BECAUSE THAT CAUSED THE FUCKING GREAT DEPRESSION!
Banks don't have a separate vault for each individual person. The interest they make on say mortgages, or even the money you put in the bank as savings, gets given to people taking out loans. Therefore IT'S PUT INTI THE STOCK MARKET
AI MAKES UP 40% OF THE STOCK MARKET IN THE US!
Not to mention, people are disproportionately buying AI stock, artificially INFLATING THE PRICE. This will make the fall even bigger
So when the AI bubble bursts? Savings? Gone. Mortgage? Gone.
And because of globalisation our economies are interlinked. So it won't just affect the US. Ireland, the UK, Germany, France, Spain, the Netherlands, Australia? The same fucking thing. Every. Country. Will. Feel. This.
The same thing happened recently in South Korea, and they had LESS IN THE STOCK MARKET ON AI.
We're all so fucked right now. Be ready for this





















