Announcements Vs. Actions
The professional war criminal Teddy Roosevelt said talk softly and carry a large stick. But now it's amateur hour across the White Empire. Professional entertainers talk loudly and carry their own coffin.
The actor playing Ukraine says they're buying $20 billion worth of planes from the lames in Sweden. But Ukraine is broke and broken what are they talking? Ukraine is nearing $200 billion in debt, has a begging bowl as an economy, and a blood-dripping corruption hole at the bottom and a political lobotomy. They're marketed as defending democracy, but have cancelled elections and banned opposition parties. Ukraine and Sweden are, of course, not real countries. They're just two phantom limbs of the White Empire, jerking each other off and calling it intercourse. It's plane-old fraud, laundered in plain sight as a big announcement. The Empire has no clothes, but its courtiers are talking about shiny buttons.
In the same way, the reality TV star playing America announced a $500 billion investment in AI datacenters through 2029. But OpenAI loses money on every token, and has projected that they will for decades, until they suddenly don't, because trust me bro. OpenAI is not good at AI and they're not open, but in leaked documents they're burning $9 billion this year on just $13 billion in sales. They themselves project losses of $74 billion in 2028, so how does this investment work? You're supposed to invest to make money later, but they're just taking money now, from talking about it, and the US government is in on it.
The fact behind the fraud is that OpenAI has an inefficient technology, an incestuous snake pit of stakeholders, and a negative bottom line overall. OpenAI, NVIDIA, Oracle, and Microsoft just trade lies among each other and act is they're trying anything but the market's patience. Even Goldman Sachs analysts say this makes no sense, but to get in on it while everyone else is piling in. It's plain-old fraud, laundered in plain sight as innovation. In truth it's just mutual masturbation, a few companies passing worthless scrip among each other and the media singing from the same script like it's journalism.
Across the White Empire, elites are handing napkins to each other and calling it an economy. Meanwhile they're wiping their asses with real money while real people go hungry. Talk softly and carry a big stick? They're talking loudly and carrying their own coffins. The next stage directions for this autocracy of paid actors is exit stage right (wing) pursued by bear (market).
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