“You’ll own nothing and you’ll be happy” – From Davos Summit 2016
I see people searching for big foot or looking to find lizard people and laugh my head off. The greatest conspiracies, the most deviant acts, the most merciless massacres are all being done in front of the whole world because the ones who are doing it don’t need to hide anything.
The biggest economic crash every recorded is coming. This time it’ll be different and much much worse than anything else. This won’t be just robber barrons like wallstreet or techbros stealing your lifesavings which they they do every 15-20 years. This time they are coming for your employment too to leave you completely powerless and useless and literally trying to survive.
Especially in US, we don’t have factory jobs anymore. The AI bubble is not coming only for artists and writers but for everyone. AI is more than often critically wrong and is not capable to do 90% of the high skill white collar jobs but it kind of looks like it. So in the short term, companies will cut massive amount of positions which will soar their stock price. Welp, there is a problem with that. Who is gonna buy the shit they are gonna sell? The available credit and the corrupt Fed will delay the inevitable a little but for how long? If the income is 0, how long people will be able to afford anything? Oh they’ll they will sell everything they own thus “you’ll own nothing and you’ll be happy.” Ok what happens when that money runs out? By this time you figured out where this is going. Didn’t you?
How do we get out of it? What do politicians and ruling class do when there are too many people around…