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Michał "rysiek" Woźniak · 🇺🇦 boosted
MiniMia 🏴󠁧󠁢󠁷󠁬󠁳󠁿 🇵🇸
@fkamiah17@syzito.xyz  ·  activity timestamp 2 weeks ago

Now, I know precisely fuck all about international finance, AI, investment banking or any of that stuff, but I reckon if you were to draw a diagram of how CDOs were layered during the sub-prime crash and then shuffled back and forward across the markets to hide the colossal tsunami of debt that had been created, then applied it to AI companies, it would look something like this.

#CapitalismIsADeathCult #FuckAI #Politics

A very complex diagram showing, basically, half a dozen different companies financing, investing and refinancing each other in a doom loop (doom for us, not for them - they'll be fine)
A very complex diagram showing, basically, half a dozen different companies financing, investing and refinancing each other in a doom loop (doom for us, not for them - they'll be fine)
A very complex diagram showing, basically, half a dozen different companies financing, investing and refinancing each other in a doom loop (doom for us, not for them - they'll be fine)
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MiniMia 🏴󠁧󠁢󠁷󠁬󠁳󠁿 🇵🇸
@fkamiah17@syzito.xyz  ·  activity timestamp 2 weeks ago

Now, I know precisely fuck all about international finance, AI, investment banking or any of that stuff, but I reckon if you were to draw a diagram of how CDOs were layered during the sub-prime crash and then shuffled back and forward across the markets to hide the colossal tsunami of debt that had been created, then applied it to AI companies, it would look something like this.

#CapitalismIsADeathCult #FuckAI #Politics

A very complex diagram showing, basically, half a dozen different companies financing, investing and refinancing each other in a doom loop (doom for us, not for them - they'll be fine)
A very complex diagram showing, basically, half a dozen different companies financing, investing and refinancing each other in a doom loop (doom for us, not for them - they'll be fine)
A very complex diagram showing, basically, half a dozen different companies financing, investing and refinancing each other in a doom loop (doom for us, not for them - they'll be fine)
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