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Posted on 08/10/2026 7:21:43 AM PDT by fireman15
I ask for your patience, this is an experiment. This is an AI summary of a video that Jay Martin released yesterday so that you don't have to spend 25 minutes watching the video, which I recommend but which few of you would bother doing. I firmly believe that we are heading down a perilous economic path that few here have an understanding of.
Executive Briefing: 2008 vs 2026 — The Same Dominoes Are Falling
1. Executive Summary & Core Thesis
• High-Level Overview: This briefing provides a detailed structural breakdown comparing the subprime mortgage mechanics of the 2008 Financial Crisis with today's financial architecture underpinning the artificial intelligence boom. The analysis demonstrates that financial market collapses do not begin when nominal asset prices crash, but when the velocity of growth decelerates below the rate required to service multi-layered refinancing chains. It posits that $2.1 trillion in guaranteed future technology revenue rests on unprofitable AI labs whose valuation growth must continually accelerate to cover massive computing commitments, a structure now challenged by low-cost Chinese open-source AI models.
(Excerpt) Read more at youtube.com ...
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Click here: to donate by Credit Card Or here: to donate by PayPal Or by mail to: Free Republic, LLC - PO Box 9771 - Fresno, CA 93794 Thank you very much and God bless you. |
I think looking at lamb entrails would be simpler.
ai bubble
when will it burst?
In other words, a Ponzi Scheme.
Two Years ago: This AI stuff is interesting but bit of a yawn.
The last 90 days: OMG.
“I’ve heard that same song before, about sixty years ago. Back then they were a lot more succinct though.
Never trust anyone over 30.”
Can you see how out of touch you truly are?
This is why this matters. Older folks just don’t recognize the difference.
1966 - median income $7,500 house $21K > 3 times. In many places, much, much less. Even in San De-ah-go. (”Whales Vagina”). Solid job growth, pensions, union protections, no H1B’s, and fewer illegals in the country and work force. No Somali Pirates stealing billions. College was essentially free.
A used Corvette, a world class sports car, was $3,000.
Today?
It’s a very different picture, my Friend.
My advisor says: don't buy SpaceX and datacenter stocks ; buy the companies that supply SpaceX and datacenter construction.
-PJ
Can you see how out of touch you truly are? This is why this matters. Younger folks just don’t have the perspective of time.
1906- median income $200-$300 house $3,000 > 10 times. In many places, much, much more. No social security, no disability, no unions. College was essentially only for the rich.
A Stanley Flyer, a world class performance car, was $3,700, equivalent to ten a year’s average salary. Today a new Corvette starts at less than 18 months average salary.
In 1906 you could look forward to WWI, the Spanish Flu, the Great Depression, WWII, and the Korean War. The next generation could look forward to Vietnam, high inflation, gas shortages, 18% loan rates, AIDS, increasing drug use and crime, riots and multiple assassinations.
Today? It’s a very different picture, my Friend. Today’s youth are set to benefit from the greatest transfer of wealth in human history. About $36 trillion dollars.
Like a wrote before, I’ve heard this song before, and I find it very amusing.
“An interesting alternative take:
Young folks have nothing.
They won’t fight your any Global War.
They won’t be buying your house.
They won’t be funding your Social Security cushion.
They don’t believe what Boomers/GenX believe.
They are angry and feel betrayed.
And it’s not from buying too much Avocado Toast.
The good thing for Boomer Cons?
They won’t be around when the Real Shiite hits the Real Fan.”
__________________________________________________________
And yet we wonder here daily about the turn of those same young people toward Socialism. The Capitalist model hasn’t worked for them.
“The job opportunities and advancements are greatly reduced. That’s why you hear people in think tanks talking about ‘universal basic income’.
Will AI create enough new jobs for the majority of young adults to be productive and financially independent and a new “American Dream”?”
____________________________________________________________
Like Social Security, a Universal Basic Income is designed to prevent the kind of revolutionary upheaval over economics we saw around the world after WWI. Without FDR, the US would have taken the same general path as Italy, Germany, and their satellites.
Socialism and Fascism were seen as a defense against Communism because Hitler was a vehement anti-Communist. In fact, anti-Communism was the primary basis for the Deutschland National Socialist Party. After the brown shirts were murdered, German socialism gave way to authoritarian Fascism.
All governments rest on the consent of the governed. It’s just far harder to withdraw that consent from tyrannical authoritarian governments.
Who is telling you this?
Boomers are dying in droves.
And leaving their goods to children and grands
This can be chalked up to inflation. Although the left is trying to make it a generational conflict.
Is that what SoCal Pubbie meant?
Yes
Reality.
1906?
Bwahahahaha!
When Pangea was still together there was no money so nothing cost anything.
Your comparison examples are so far off as to be comical.
“Today’s youth are set to benefit from the greatest transfer of wealth in human history.”
A very small group will get a real boatload.
The rest?
Medical bills wil take it all, they will get nothing.
I’m glad you and yours are in such good shape.
Peace to you, my Friend
1966? Bwahahahaha! When LBJ was still president there was no internet so we wouldn’t be having this exchange. My comparison examples are exactly as far back from yours as yours were from today. Just to show how time doesn’t progress on a strictly linear path. Like Yogi Berra said, “It’s difficult to make predictions, especially about the future.”
Actually 60% of surveyed households in 2022 having received, expecting to receive, or planning to leave inheritances.
“Medical bills wil take it all, they will get nothing.”
So silly it didn’t deserve a response.
You have no idea how I’m doing. I do wish you peace too. With so much to worry about, I fear for your happiness.
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