Of course it will crash eventually. It will recover and rinse repeat the bs all over again. Had a coworker who all he did was talk about stocks and how everyday someone said the market cant sustain this massive growth but it did for years until covid happened.
When it does it Just would be nice if it took the dbags who made housing prices go up 3x with it.
Normally maybe, but Peter Thiel has supported getting rid of the federal reserve for a very long time. Honestly wouldn’t put it past him to intentionally try to crash the stock market. I find the timing of the rushed preliminary approval of his new bank this week very odd. I don’t think this is another 2008.
Realistically, the best case scenario is this is somewhere between 1930 and 2008, but skewing much closer to 1930. Worst case is it could be worse than 1930 bc the people running the government into the ground (and intentionally crashing the market with these terrible AI investments) don’t want it to recover, they want to destroy it and replace it with their own system which they fully control.
I honestly wonder if the majority of these data centers being built are simply gigantic crypto mining factories, and AI was kind of a red herring the entire time.
He opposes centralized banking, and wants to replace it with cryptocurrency. Hence why he’s opening the first U.S. crypto bank.
However, as always, if he succeeds it seems the most likely outcome is the U.S. economy is just centralized through the first bank of Peter Thiel.
It’s his typical B.S. hidden under the guise of libertarian beliefs. It’s not ok for the government to do it, but it’s somehow ok bc it’s his corporation not the government.
It’s “libertarian” despite there being no chance of competition bc he also completely controls the market and the government. I guess if you also had his wealth and connections, you could easily just ask your friend the president to get your cryptobank approved too.
So, Thiel gets to control everything and everyone, and in return we get no public accountability or protection. Sweet.
It’s also how oligarchs have managed to convince people that supporting their policy = supporting libertarian policy.
Step 1: The government is inefficient. It should be run like a business.
Step 2: The government should be of the people, by the people, for the people. SCOTUS has the brilliant realization in 2010 that corporations are people too.
Step 3: Government interference into people’s lives should be limited = any government regulations on businesses impede freedom and progress.
Step 4: Government of the corporations, by the corporations, for the corporations. Corporations control the market, manipulate laws to eliminate competition, and collect our tax money but cannot be regulated or held accountable by the people.
Step 5: Peter Thiel warns the Antichrist will actually look like big government regulations on the economy, surveillance, and AI tech. If we allow these regulations, an authoritarian government is inevitable. Coincidentally, Thiel just happens to dominate the “free” market, and has used the government ties he purchased to establish his businesses, secure government contracts, and eliminate competition.
However, an authoritarian nightmare dystopia with inescapable big brother surveillance can’t be authoritarian because he’s a private business owner who hates “big government.” He just happens to have big government contracts.
well considering that Thiel is insane, this tracks. This is a man that A. believes in the Anti-Christ and B. is convinced said Anti-Christ will be returning any day now and C. it all relates to the tech industry.
Of course it will crash eventually. It will recover and rinse repeat the bs all over again. Had a coworker who all he did was talk about stocks and how everyday someone said the market cant sustain this massive growth but it did for years until covid happened.
When it does it Just would be nice if it took the dbags who made housing prices go up 3x with it.
Normally maybe, but Peter Thiel has supported getting rid of the federal reserve for a very long time. Honestly wouldn’t put it past him to intentionally try to crash the stock market. I find the timing of the rushed preliminary approval of his new bank this week very odd. I don’t think this is another 2008.
Realistically, the best case scenario is this is somewhere between 1930 and 2008, but skewing much closer to 1930. Worst case is it could be worse than 1930 bc the people running the government into the ground (and intentionally crashing the market with these terrible AI investments) don’t want it to recover, they want to destroy it and replace it with their own system which they fully control.
I honestly wonder if the majority of these data centers being built are simply gigantic crypto mining factories, and AI was kind of a red herring the entire time.
What? That’s insane because that is not even possible, unless USA wants to give up on having it’s own currency!
He opposes centralized banking, and wants to replace it with cryptocurrency. Hence why he’s opening the first U.S. crypto bank.
However, as always, if he succeeds it seems the most likely outcome is the U.S. economy is just centralized through the first bank of Peter Thiel.
It’s his typical B.S. hidden under the guise of libertarian beliefs. It’s not ok for the government to do it, but it’s somehow ok bc it’s his corporation not the government.
It’s “libertarian” despite there being no chance of competition bc he also completely controls the market and the government. I guess if you also had his wealth and connections, you could easily just ask your friend the president to get your cryptobank approved too.
So, Thiel gets to control everything and everyone, and in return we get no public accountability or protection. Sweet.
That’s the typical mindset of a super-capitalist. They are batshit insane, thinking money has more rights than people.
It’s also how oligarchs have managed to convince people that supporting their policy = supporting libertarian policy.
Step 1: The government is inefficient. It should be run like a business.
Step 2: The government should be of the people, by the people, for the people. SCOTUS has the brilliant realization in 2010 that corporations are people too.
Step 3: Government interference into people’s lives should be limited = any government regulations on businesses impede freedom and progress.
Step 4: Government of the corporations, by the corporations, for the corporations. Corporations control the market, manipulate laws to eliminate competition, and collect our tax money but cannot be regulated or held accountable by the people.
Step 5: Peter Thiel warns the Antichrist will actually look like big government regulations on the economy, surveillance, and AI tech. If we allow these regulations, an authoritarian government is inevitable. Coincidentally, Thiel just happens to dominate the “free” market, and has used the government ties he purchased to establish his businesses, secure government contracts, and eliminate competition.
However, an authoritarian nightmare dystopia with inescapable big brother surveillance can’t be authoritarian because he’s a private business owner who hates “big government.” He just happens to have big government contracts.
well considering that Thiel is insane, this tracks. This is a man that A. believes in the Anti-Christ and B. is convinced said Anti-Christ will be returning any day now and C. it all relates to the tech industry.
sounds really possible given the status of the administration actively choosing to make things worst.
It’s totally crypto. This timeline is full of scam and scum.
Peter has a bank?
Palmer Luckey’s Peter Thiel-backed crypto bank clears a key regulatory hurdle
Just received preliminary approval 2 days ago
https://www.businessinsider.com/palmer-luckey-erebor-crypto-bank-preliminary-regulatory-approval-2025-10
🤣🤣🤣
You can’t make it up! 🤡🌎