Latest Breaking News
In reply to the discussion: 'It's going to be really bad': Fears over AI bubble bursting grow in Silicon Valley [View all]Cheezoholic
(3,382 posts)The economy gets slammed along with retirement accounts. If you were retiring when it happens your screwed. I commented before on the tech bubble in the 90's and how devastating it was to a lot of peoples retirements. The greed of investors who get peoples retirement funds to play with and skim off the top is fucking problem in my eyes. And the fact that an actual AI bubble could crash the markets and drag an already sluggish economy into a recession is bullshit because you know who walks away away smelling rosie? Those money market managers and hedge fund managers who invest and supposedly divest peoples retirement accounts. Dont say no, it happens every time. The regular people get fucked while those Wall Street fat cats slide away with their pockets stuffed. Its all a fucking scam when a single sector of "business" that employs so few people but is also making very few people uber billionaires can wreck EVERYBODY'S lives for half a decade or more if a so called bubble bursts. Its pure greed and theft. Just another way to funnel cash upwards of the many ways the average citizen gets mugged financially every day. This system needs fixed, it's broken. At least for the people.
And the people who get hurt the most are the poor, the elderly and those who planned retirement when this shit happens. I cant stand the it always comes back excuse. What about the suffering and misery going on "waiting" for it to come back? Wall Street Fat Fucks aren't suffering, I guarantee that.
Edit history
Recommendations
3 members have recommended this reply (displayed in chronological order):