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Have you noticed, lately, or noticed people around you commenting, that there just seems to be no money anymore. There's no money for companies to make the tv shows you like, the video games you like, the local diner you like shut down, no one you know can find a job. Think about that in context of

Nicholas Grossman@nicholasgrossman.bsky.social

AI is now the biggest investment in all of US history as a percentage of GDP. Datacenter construction is up, all other construction is down. "AI Is Squeezing Out the Rest of the Stock Market," reported WSJ 2 days ago. We basically bet the whole economy on the most optimistic visions panning out.

Just to be clear, there is NO SIGNS this investment is ever going to pan out. This is going to be the most predictable economic collapse in human history while potentially being the most devastating with the leaders we have.

In other words, once that money is spent, it stays spent. It doesn't turn into something useful later like investing in, I dunno, railroad lines would. They're just putting resources in a rocket and shooting them off into space

Oh, I'm not sure you'll still think that once you see what they're planning to do with the rockets over the next two years

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