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Theres a phrase for this. Financial engineering.
by rhetocj23 1y ago
Theres a phrase for this. Financial engineering.
- zerosizedweasle 1y agoIn other words they are stealing capital from the rest of the economy. Starving it.
- CuriouslyC 1y agoThe difference this time is that it's global coordinated collusion, and it's not just the superwealthy, it's states that are willing to go all in on this. If you thought the banks were too big to fail, the result here is going to be a nationalization of AI resources and doubling down.