Asymptotic Economy With Debt Increases Going Vertical
"An asymptotic line is a line that gets closer and closer to a curve as the distance gets closer to infinity." -Cambridge Advanced Learner's Dictionary & Thesaurus
THIS does not look like a real economy but a debt (or dead) economy, where money is 'created' out of borrowings (future liabilities in an age of rising interest rates) and funneled into rich people's (or companies', never mind the overdraft and private company debts) bank accounts. Watch below where it stands.█
The United States' government debt (personal and state debt not accounted for; those bring up the total to almost 55 trillion dollars):
And 'growth' in recent decades (as per "the market"):
Here is the media commenting on the "worth" of a company in debt - a company that never managed to make money and whose losses were recently 'subsidised' by Microsoft (which was laying off tens of thousands of workers and needed some convenient distraction like chatbot hype):
Only days or weeks later the media said OpenAI was likely doomed, as almost all the employees threatened to resign.
Even months prior some media issued a reasonable warning:
Sounds familiar?
Recent story and a cautionary tale of similar scale:
A company that just lost lots and lots and lots of money managed to make some "billionaires". Where did that money come from and who lost it (or will need to pay it back some day)?