General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsThe AI and Space Ponzi Pyramid
So, what are the hot investments? Obviously AI and Space exploration and exploitation. Everyone is buying into those things. Well, at least many are buying into them. They're as Hot as the USA is Hot according to Trump.
Why,. they're building data farms everywhere, and launching satellites to handle more phone calls and streaming entertainment than you can even imagine.
Elon Musk became a trillionaire (briefly) by loudly touting Space and AI. Others are doing the same. It seems like new stocks are showing up in the markets faster than you can imagine, too. Buy them now! You're sure to get rich.
But wait! When will those things become profitable? When will they begin to create a return on the billions and trillions of dollars being invested? Let's have a look.
I'll start with space stuff. Where might the profits from that come from. Communications? Well, OK, but that's just another channel out there. Trillions of dollars? I don't think so. Exploiting other planets, asteroids, etc. for raw materials? Well, nobody has figured out how that will work. We haven't even gotten to them yet, and there are no colonies of workers out there to mine the raw materials. How long is that going to take? Try not in the next two generations, at least...assuming that stuff ever becomes profitable.
How about AI? Well, again, right now they're just trying to build the data centers needed to power all that computing power. Right now, that's what's happening. The profitable fruits of AI? Well, nobody's really sure what that's going to look like but, hey! , It's gonna be huge. You just know it's going to be huge. Someday your investment's going to pay off.
Guess who's profiting right now? The folks who have fired all this up and are asking for your investments. Elon's swim ming in investors' money. The Internet and streaming leaders are doing great, too. Money's flowing into every IPO and getting moved around and thoroughly laundered. It's nice, clean money now. Those guys are all grateful for your investments. They're at the top of the pyramid and they're reaping the profits of their dreams.
Sure, you'll see profits too, someday, and they'll be huge! Invest everything you can! You can count on the industry leaders to make sure you come out rich down the road. You betcha!
It's the Ponzi Pyramid at work. Get on board, folks! Buy in now! Don't delay! The .001% are pulling for you. Yes they are.
YOUR FUTURE DEPENDS ON IT!
OGBuzz
(1,079 posts)MineralMan
(152,224 posts)They think there's a huge reward down the road. There is, of course, but it's only for the founders and very early investors. Every one else is just lining those folks' wallets. That's why it's a Ponzi Pyramid.
yankee87
(2,909 posts)When you say, trust me bro, run away. Maybe I will miss out on the trillions of dollars in the Elon grift, oh well.
Like been said many times, we are in the end stage of capitalism. The 1% is stripping what little the middle class has.
PJMcK
(25,285 posts)As always, MineralMan, you nailed it.
Last night I had dinner with a doctor friend who bought SpaceX for the long haul. When I asked when we would get to Mars, he said less than 5 years.
Were not going to Mars for a long time, if ever, and I fear my friend will lose his money.
MineralMan
(152,224 posts)We can't live there without support from Earth. Nope. And that support ends when the market crashes on this scheme.
So, no Mars colony to move to. Maybe another solar system somewhere? Nope. We can't get there. Ever. There is no "warp drive."
We're stuck with the third planet from our mundane little star. But we're destroying the planet faster than we can fix it. Trust me, the Elon Musks of the world are only concerned about their own lifetimes. After that, they don't give a damn. They're confused, too.