Ponzi Economics and the Media's Role in Defending Ponzi Economics
Hundreds of docile publishers mindlessly repeated the lie told by Cheeto and Kapo-berg, even when it was very obviously a lie.
It should be noted that "data centers are the opposite of infrastructure, they reduce capacity and value again," an associate asserts, so "this is just Zuck bluffing".
"Ponzi Economics" are the sorts of pseudo-economics - based upon pseudo-science - casually and shamelessly promoted by fake Nobel platitudes [1, 2]. They seek to legitimise the utterly incredulous. It's typically supported by so-called 'journalism' that's not legitimate, it is just paid-for churnalism. It's about PR parrots being paid to "manage perceptions" and make a bad situation look acceptable, even commendable. These sorts of flawed economic promises have been with us for at least two decades already; in metaphorical terms, we "kick the can down the road", sometimes more frequently than other times (depending on how far we can kick it again at any given time). This is a global phenomenon, but it tends to be more visible or better pronounced in the US, being the world's economic powerhouse and principal military superpower for many decades already, even more so after the fall of the Soviet Union.
And yes, US debt nearly doubled in one decade. Too many bailouts, e.g. Intel months ago. This is not sustainable.
We occasionally notice weak or almost-non-existent coverage regarding the economy; they throw some data at us, but it is flawed or intentionally incomplete. They need to people to trust and believe in the existing system, so they tell us about credit, innovation, "jobs created", hey hi etc. Those are mostly meaningless distractions from a system that fails many people and rewards a rather small number of people. Of course they don't use the d word or r word (recession and depression), as mentioning such "bad" words would serve to reaffirm a condition and then reinforce it, acceleration a demise, curbing spendings etc. (a lot of the economic activity is just currency being passed around, without anything to actually back it or justify its true worth, e.g. extraction and manufacturing)
"That is because the US economy has been in a serious recession since little Bush and more than flirting with a full on depression from time to time," someone has told me," referring to 20+ years ago when US influence in the world rapidly waned, not just because of the "war on terror" but also the dot-com bubble bursting a few years earlier. Nowadays many Americans realise that being in debt is 'the norm' for most people around them (same as obesity), which makes them feel adequate about being perpetually indebted. It's true in much of the Western world, especially in US metropolis areas. They tell people that they are missing out if they don't borrow money and they call it "Credit Cards" or all sorts of other words that can be dubbed soothing, lulling euphemisms (they make people less worried about the condition they enter and may never exit in their entire lifetime).
"Only by fiddling the numbers and keeping the news off the economy have they been able to avoid a full, hard reset," a friend told me. "I was expecting such a reset in the early 00s but it never came and the bubble has only gotten far worse since then".
Yesterday we said that it looks like "Open" "AI" loses 50 billion dollars a year, so how can it still exist at all? And Tesla as a company worth less than it allegedly gives a fake non-founder (who paid the founders to pretend they weren't).
None of this makes any sense, so you know it's rigged, you can easily tell it's just unreal. Everywhere one looks, even Microsoft, it's all rigged, very rigged. Debt skyrockets, yet the media pretends the company does spectacularly well. Microsoft had at least 2 waves of mass layoffs last month. They try to spin that as "due to AI" or "owing to AI". It's not just Microsoft; many companies say the same thing. Catastrophes are spun as "wins".
As the friend put it, "AI" is a money furnace not just a planet cooker (like so-called 'crypto' but with more media firepower).
Meta promising to "invest" in "the US" (see above) is an extension of the "AI" (slop) smokescreen. "It's not like they have the money or that the money will even change hands," an associate opined, "it's like the communists back in the cultural revolution outbidding each other on production goals. Everyone knew that everyone was lying, but the lies appealed to the despot."
Speaking of despots, the firm I plan to hold accountable along with its own 'Thiel' (there are secret sponsors that helped send 10,000 pages to our home) is clearly having problems; it has almost no business left (hardly any litigation) and it started advertising the roles of the people who had attacked me and my wife (and even some extended family; these thugs know no boundaries!). It looks like staff is leaving roles vacant and this one was added on a Sunday afternoon, maybe slop or partly automated:
Maybe they need to try harder to get more Microsoft money. But that too would backfire. Accountability will ensue.
Like many firms out there, they're deep in debt (they cannot hide this anymore). They consider that to be "normal". █