points by mm321 3 days ago | 0 comments
Funny animated cartoon from the Soviet Union (has subtitles). You must see this:
“Robbery, Italian Style”
https://www.youtube.com/watch?v=vktTgOr4M1s
(it has a wiki page https://en.wikipedia.org/wiki/Ograblenie_po... )
Marcello Mastroianni is performing a bank heist, it goes well - but in the end he has to return all the money he borrowed. And that's where he is left with nothing...
[–] jchoksi 2 days ago
[–] mm321 2 days ago
well, some pension funds would also suffer. Ordinary people will suffer as a result, similar to the crisis of 2008-2009.
The circular deals underpinning the AI boom is going to turn into a game of hot potato. When the music stops, we'll find out who is left holding the debt.
This whole situation smells like a huge Ponzi scheme being played by corps.
Zero sympathy for all the people who are going to loose a lot of money on the stock market.