The upcoming AI bubble endangers the global financial system - the IMF. https://www.theguardian.com/business/2026/oct/13/ai-share-crash-risk-global-imf-debt-corrowing-cyber-attacks
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The upcoming AI bubble endangers the global financial system - the IMF. https://www.theguardian.com/business/2026/oct/13/ai-share-crash-risk-global-imf-debt-corrowing-cyber-attacks
@GossiTheDog ITT: People dancing
Me remembering: https://www.youtube.com/watch?v=0k5aVLi_yhM
Just don't fuckin' dance, OK?
@GossiTheDog "these growing sources of leverage heighten the potential for forced selling and surges in equity volatility" 😬
@GossiTheDog And when the market gets too volatile, investors freak out and rush into secure assets like US Treasury bonds.
But now that there are legitimate questions about the full faith and credit of the United States for some reason*, we're going to see a lot more casting about for the next safe asset.
These fools and their greed might have ended the dollar's reign as the universal reserve currency.
* jk, we all know why
Economic devastation and cyber attacks on infrastructure appear to be the two main threats #AI represents.
The billionaires won’t rein themselves in. We have to do it with laws, regulation, legislation.
@GossiTheDog
Don’t threaten me with a good time.
@GossiTheDog Good. I want the global financial system to crash and burn ASAP. People need to lose faith in Capitalism.
@GossiTheDog Is all of this to prepare us for bailing them out? Let them fall! Remember Iceland?
"The AI boom has some irrational elements. No company is immune to the tech bubble." – Sundar Pichai, CEO of Google.
"An AI that could design novel biological pathogens. An AI that could hack into computer systems. I think these are all scary.” -- Sam Altman
@GossiTheDog It is such a pity that there will be a whole lot of innocent collateral damage when the bubble bursts. The people putting their money into AI perhaps can afford to lose it - that is the risk capitalists take. But the rest who will lose because of the rest of the market losing its impetus is just a par tof the whole evil thing it is.
@GossiTheDog This is part of the reason they've rushed everything so hard. Once you can throw enough capital or debt around it's impossible to work around you. Even the global economy is too small when the ultrawealthy want to break everything.
@GossiTheDog oh no it doesn't (said in pantomime style)
@GossiTheDog not exactly news for anyone who's been paying attention, tbh...
@GossiTheDog *presses all 5 fingers against the other 5: Good goooood…