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This seems like a circle jerk, but with everyone involved it's less of a double circularly linked list and more of a map. A map jerk.
More of a middle out jerk. It's more efficient.
This circular finance shit should be illegal.
Normally it would be, but ya know….
Oh yeah?
And when will this deal be be finalized?
Because pushing a press release to juice the markets is a lot different than Anthropic actually finding $200 billion in their office couch cushions.
But Google just invested 40 billion in anthropic! So wtf?
Maybe Google will finish planning to invest after Anthropic follows through on its gentleman's agreement to start giving them $40b a year for the next 5 years...
(If two companies agree to give each other $40 billion at the same time and no money changes hands, do they enrich each other?)
This game is so circular as to be ridiculous... Who's actually making money if everyone's just passing the same billions of dollars around and around?? At some point something's gotta give.
Its like the silver coin bubble of the 80s. Running the same scam. Get a coin rated sell it to your buddy for a million dollars. Get headlines of coin sold for a million dollars. Then marks start rushing to get coins and more importantly get them graded and that's how they extract wealth from the economy.
It's all a giant circle jerk where they just hand money to each other.
People always think it's just the same briefcase being passed around, but it's not.
Because what's really happening is they all own stock in AI, and if AI crashes then that stick is worthless. And because they took loans out on that stock to buy more stock, it could domino into a lot of the world's richest people, just suddenly going broke...
As normal people invest their pennies, it just pushed the stock price higher and higher. But it's still not creating wealth, just transferring it to the wealthy who already have 99.999% of the stock
Yup, these are not investments; they're not even bets that AI will continue. No, they are self-fulfilling prophecies of AI's relevance.
In the end there has to be an economic backstop for reality. It's either third party vendors that aren't part of the hyperscaler cabal, or employee payroll. We're already seeing layoffs which reflect AI financial tie-ups rather than efficiency gains.
But those two are where I'm hoping eventually we see missed payments as an early canary in the mine. But it'll probably be a long time, too much money is at stake now for them to give up until they're actually broke.
It's incredibly easy to fix tho...
A progressive federal government can seize their domestic bank accounts, can seize all their stocks in the world's largest stock exchange, they can seize land/property, they can sanction specific overseas accounts or just every small country who has "hiding money" as their main economy.
That's all shit a government can do
And we're pretty fucking close to it, closer than we've been since FDR.
The billionaires know this, and that's why there's a massive push to make people give up on the DNC, and there will be thru the presidential election.
As Dougie Houser MD once said:
Or we could just seize all means of production and be those with this shit once and for all.
Buddy...
What about "take all their shit", wouldn't include the means of production?
Those "billions" and "trillions" numbers being bandied about lately are meaningless.
That’s a lot of potatoes and moisture.
