Republican Donors Are Paying Trump To Destroy This Economy

AI Will Survive The Crash, Some Of Us Won't

Photo by Harri P on Unsplash

Trump is a fraud, and a day of reckoning will soon be upon us, especially when it comes to this economy.

Mark my words. In fact, mark three of my words, and those are: cash is king.

I don’t know if it’s the end of this year or next or two years from now, but soon you’ll only hear: cash is king.

Yes, artificial intelligence will transform the world as the internet did, probably more. But this economy is running on debt to build out AI infrastructure that is more than we need or can handle. Hundreds of billions, possibly trillions, are being spent building what amounts to a Formula One race car with a V12 engine for a one-lane highway.

In the end, we will have staggering technology to solve our biggest mysteries.

I believe AI will extend lives by decades, and I hope cures global warming. I mean, AI better cure global warming because right now its data centers are becoming the number one cause of it.

AI, like the internet after the dotcom bust, will still be standing and growing. But a massive bubble is groaning.

When you fold into this scenario cryptocurrency, which nobody understands, along with private equity now making private loans impossible to track, we have all the makings of a massive credit bubble, caused by one thing: debt.

Corporations, very successful ones, are taking on debt to build out the AI infrastructure. Meanwhile sloths and bottom feeders with no idea what they’re gambling on make unregulated bets on that debt.

One day, the banks, private equity firms doing the lending, the gambler on that debt, the investors, corporations, you and I, all racking up debt to keep these plates spinning, well, one day we’ll need cash, not debt—cash. That’s when the plates stop spinning and all anyone will talk about is the crash and cash.

Cash will be king.

And you know who has cash? The people who own this country.

They will get to own even more of it once real estate and stocks are being sold for pennies on the dollar. In fact, they’re the ones who put Trump into office to remove the guardrails, while forcing the Fed to lower interest rates so people keep borrowing.

The more corporations borrow, the more people borrow to gamble on cryptocurrency, the more private equity predators borrow and lend, the louder that crash is going to be.

The people who own this country, the top 1% of the richest 1%, they’ll get to own even more.

That’s why they love Donald Trump.

Jeff Bezos privately admitted this. He said AI is a massive bubble, adding after it bursts, those who survive—in other words, those who have cash—will have the capacity, the infrastructure to ride artificial intelligence to the commanding heights of our economy.

This is why a responsible nation regulates the economy. This is why governments must interfere with banks, Wall Street, cryptocurrency brokers, and private equity.

Because left to their own devices, these ignorant frauds will crash the economy, destroy jobs, marriages, childhoods, and lives.