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Cake day: October 23rd, 2024

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  • Real story of this bankruptcy is financial shenanigans by Google and VC backers. Google paid “the company” $2.7b in 2024 where the company got nothing, but VC backers got paid, and Google got to rehire 2 AI pioneers that had left google to start the firm. The original vision for company was to revolutionize education where you could create a Socratese or Jesus bot and converse with them as life coaches. Marketplace/users just wanted an AI girlfriend cure for loneliness. Disney’s $20m bid for assets is connected to them poaching the remaining shell’s CEO.

    Sure the company was always going to end up worthless, but it was worth $2.7b on paper at one point. The industry is filled with similar absurdities is a good point by headline and 404 media article.









  • It’s happening!!! Bubble pop is happening!!! article is underplaying it.

    Coreweave debt pushed towards 16% yield today. The worst of the AI clusterfuck. Oracle, 2nd worse, move to 8% which is still absurdly low, but was holding 6% a week ago.

    Main headline, yes the big banks are selling off debt to losertards. At a discount. Insurance companies are the losertards chasing yield, but have big losses today.

    Nvidia, the circular financing backstop for the bubble, signaled today that it is just waiting for bankruptcies to swoop in instead of propping up the fraud. Bond/share holders will get crushed, and bubble dead, but still Nvidia will drive rampocalypse if the datacenters are still alllowed.



  • China has massive monetary export controls on its citizens. It has a captive market for domestic liquidity

    The USD has significant global advantage because of its historical openness. Wealth prefers USD storage if only because it is the most liquid, and where everything is financialized. CNY is not as attractive for international giants, because the volume/liquidity available isn’t as high, they don’t facilitate carry trade due to the withdrawal restrictions (actually CNH is their offshore currency with small volume, and incentive for exporters to keep revenue in liquid USD is a form of carry trade). CNY currency has appreciated more than USD since war even with 1.7% 10 year yields. It has massive opportunity for capital through greater CNH supply, and can replace global USD liquidity/supremacy if it wants to. Currency controls is more stable, but bubble frenzy openness is what gives early stage nazi empires the head start for fomo premium.

    “In the second quarter of 2026, the country’s economic growth slowed to 4.3%, below the target range of 4.5-5%.”

    while US did under 2%, with massive military stimulus. Part of the joke of propagandized deflective criticism is the GOP boasting how the Iran war has destroyed their colonies economy far more than the US economy. But OK, China has missed 5% for the first time in 30 years.

    When the US Federal Reserve buys dollars to drive down rates, markets start freaking out as it drives down the value of the currency, also know as “printing money” or “Quantitative Easing” in polite circles. Currently the US Federal Reserve only holds 12% of US Debt and the threat of them buying up more sends shockwaves around the world.

    either,

    1. Bank held CNY debt is not really public debt. OP is BS. Regional debt is easily salvageable/bailout range.

    2. Some practical market forces apply national strategy through banking sector all the while not making foolish investments. China real estate stagnation is national policy move, but with banks telling government that they were not going to sink money into previous bubble. In US, QE is just a panic move to recover from bubble pops.

    Also, China also doesn’t use domestic interest rates to control inflation like many western economies instead using its control of banks to direct spending to create disinflation or deflation.

    They do, like every country. Massive influence on money supply and interest rates. That is in addition to board level control of facilitation industrial policy. Far more productive than nazi empire banking fraud maximization, though the nazis have strong banking allies in stealing/extorting foreign wealth, and CIA-Israel quid pro quo is major financial system policymaker.








  • Turnout is all that matters, and polls anticipate turnout/motivation.

    Always be voting for lesser evil! Rural people get luxury gay space communism voting lines. Seniors/evangelicals always turn out. You better believe that evangelicals hold their nose when they vote for Trump, but Armageddon and Israel worship is part of their programming. If you be voting, then your opinions will matter in the future. If not, then you will be safely ignored, because lemme nazis will remind you the only time politics matter to you, that DNC is shit.

    Seniors now have -21 net approval of Trump down 24 from Oct 24. They may vote against him.

    Rural voters overall have -20 net approval. Down 40 from Oct 24. Rural Republicans still net positive, but 26% disapprove of Trump, and 60% disapprove of Iran war related energy costs. There will be some flips from former, and more abstains from latter.

    Show the fuck up. Protest DNC the next day, and organize next primaries or 3rd party.