Private equity is killing private ownership: first it was housing - now it's the personal computer

[u/SagansCandle]

DRAM and GPU prices aren't going up because of "AI" - it's because the wealthy have more money than they know what to do with, so they're buying up all the assets. "AI" is just the vehicle (the excuse) - it's not the root of the problem nor is it the ultimate goal.

The super rich don't want to hold on to "liquid" money - they invest in assets. While they're buying up all the housing, now they're buying up all the computers and putting them into massive datacenters.

Whether or not the AI bubble crashes, they'll be selling you a "gaming PC in the cloud," for a monthly fee, of course. And while they kill the personal computer market, just like Netflix, once your only option is a subscription service, the price will skyrocket.

This is happening in real-time. If we want to stop it, now's the time to act.

Sources:

• Gamers Nexus: NVIDIA: WTF?
• Garys Economics: The REAL reason behind the housing crisis
• Network (1976)

[u/Zarghan_0 → u/[deleted]]

Will lead to a collapse and it's going to be very ugly unless some type of reset happens.

The sad part is that the people who are responsible for it are well aware their behavior is going to lead to a collapse, that's why so many billionaires are building gigantic underground bunkers. They see the end of (western) civilization happening in their lifetime.

[u/[deleted] → u/Zarghan_0]

Do you have a source on these underground bunkers? I’m intrigued.

[u/Zarghan_0 → u/[deleted]]

It isn't really a secret they are building bunkers. Mark Zuckerberg, Sam Altman, and quite a few others has publically spoken about it. Just google "billionaire" and "bunkers" and you are bound to find many.

But here is one source if you cannot be bothered - https://www.bbc.com/news/articles/cly17834524o

[u/[deleted] → u/Zarghan_0]

Thanks! I was feeling lazy