This post had nothing to do with US politics. I believe communities will come together in crisis if shit hits the fan.

The mob rules.

I think things would be different during a great depression.

Because when everyone’s broke, the whole social network changes. People stop pretending the system works for them and start relying on each other instead.

I think things would be way different in a great depression.

You might be right.

But the community might object. Things are a lot different during a depression, something none of us have experienced.

autodefenestrating Thats a good word.

A real depression wouldn’t spare anyone, everyone gets hit not just the poor.

Very well put.

Had to look that up as I have never read the The Hobbit. Over my head.

Theres nothing like a Great Depression to rally the troops.

I don’t mean exactly like that, surely there are newer tactics.

That wasn’t a great depression.

Well if there was one I don’t think everyone would submit to the banks or foreign money.

Maybe the real question isn’t whether it’s a bubble but whether everyone’s betting on the wrong players while DARPA quietly builds the real thing. Can you really beat DARPA?

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I’m sure the government will absorb most of that unused infrastructure. And another thing, if anyone’s going to develop it, it’ll be DARPA.

It might be a bubble, but bubbles can last a long time. Here are some famous quotes to illustrate the problem:

“Markets can remain irrational a lot longer than you and I can remain solvent." – A. Gary Shilling, twice named Wall Street’s top economist.

“Far more money has been lost by investors preparing for corrections, or trying to anticipate corrections, than has been lost in corrections themselves.” – Peter Lynch, American investor, mutual fund manager, author and philanthropist.

We know evaluations are high. We know that AI has not delivered on its promises at least not yet. Investor confidence remains high, but for how long? Nobody knows.

Personally, I think any correction will swiftly bounce because the government will print money to make sure there’s a speedy recovery. We have seen a push to boosting the economy through intensive money printing instead of allowing valuations to crash properly. The Fed loves to kick the can down the road more than anything.

It’s a race to reach AGI first and if it isn’t real, the bubble’s got a long way left to grow i guess.

This would be an alternative to doing that and the fans could still donate.