Tech bubble
We’re due a “good war” right? We need to have a bloodletting in the West. Basically the last 70 years there has been an exporting of war and death and suffering in the west, so politicians can have their fix but they don’t actually kill their own citizens. One thing I have learnt in my life since 2008 crash is that the rich get bailed out and the poor get shafted. The Covid grants in both the UK and the US made sure the poor didn’t die and revolt. But overwhelmingly both the 2008 “credit crunch” and the self inflicted wound “Brexit” and then Covid lockdowns. All of these benefited the rich. And he next thing to happen is the tech bust. A tech bust of monumental consequences. We have integrated technology into everything, from cars, to phones to AI to baby monitors. Meta, Twitter, Amazon. But when someone gets to integral to our lives they get power and a bubble is created. Who actually believes Apple and Amazon and Meta are really worth billions and trillions? No one. Because if they died out or crashed…. no one would die. Remember Lehman brothers? Bernie May and Freddie Mac? They all died, Northern rock. Government bought out. So all these giants rose, so they too can fall. So how will the tech bubble fall?
The Chinese could hugely undercut them. Making the market price crash
Data- someone could leak data or hack data and crash the economy
WW3. When we are teetering on an edge of an existential crisis, do you really need Amazon tat?
But either way, we’ve moved so far into the tertiary economy that we are beholden to oligarchs and the only thing that is that they do not have anyone’s best interests at heart. We will all lose somehow. Does it make a difference if Elon Musk is worth £70 billion or £444 billion? No, he may feel better but what it will cost the rest of the human race isn’t worth this. But his interests are far more important than yours and mine. I hate violence, but do you think he’ll let go of his paper wealth voluntarily? Highly unlikely. He’s going to do something really stupid and the truth is that these oligarchs we can’t actually afford to bail them out this time. We’re still paying for the financial crisis of 2008 and the fact that we’ve never made the rich pay enough tax. One more crash and its curtains for Western supremecy, we’d become 3rd world countries if we chose to bail out Silicon Valley. The last tech bubble was about 20 years ago. The dot com bubble. Also, there are some really sinister things coming out of Donald Trump’s government and Elon Musk gave a Nazi salute (yes he absolutely did do that and even if his execution was off the intention absolutely was there) and so it seems quite literally that they are playing chicken with WW2 politics, not just divide and conquer, but Alternative For Deutschland (AFD) rhetoric. All of this is creating a climate of fear. My conspiracy theory is that they play with far right rhetoric and then start WW3 and have to “delay” the next US election, and we all end up fighting a war we all don’t completely understand how it happened then the tech bros end up with all the power (they all have already have data) and when we realise the impact and involvement they had in said war the price will crash.
I don’t know everything, but the day I trust rich people will be a cold day in hell.
Grace and Courage.
Annetta Mother Smith.