Keeping a fiat money system alive requires increasingly elaborate schemes.
It has never proved enduring in the past.
Only thing that is secure is bullion in your basement.
It has never proved enduring in the past.
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If one prints too much, it collapses. If one didn’t want to abuse the power of printing, one wouldn’t have established that system.
Your response is the closest to reality in this situation.
By hook or by crook, we have a massive amount of funds going into what is at this point is still mostly in the scheming stage. Yet, 50% of the money held in managed funds are in index funds. Companies with material exposure to AI represent roughly 62% of the S&P 500’s total market weight (accounting for over $42 trillion in market capitalization across approximately 218 companies) By definition, the same proportion is held in index funds. And these index funds hold a disproportionate amount of money from managed retirement systems.
When the entire hopium system collapses under the weight of the reality of the minuscule actual productive gains from AI applications and infrastructure... this is going to be ugly. Yet those of us who recognize the obvious risks are brushed aside for various nonsensical reasons to keep the current trajectory intact.