Saving Society Isn’t Cost-Effective Anymore

The Consequences of Playing Monopoly With Life.

Although a crash might be the only way to erase our $315 trillion global debt bubble, Vonnegut is among those who saw it come too. Now we have to brace for the aftermath.

In our blog titled: Will Humanity Price Itself Out Of Existence?, we ponder the frenzy of rushing after profit-seeking that pushed us toward the edge of a cliff.

It is time to prepare our parachutes now while realizing that we have to quit chasing illusions once and for all. Yes and sorry, it did happen again. As you read this the markets are finally accepting that the AI boom is predicted to go bust, just like the dotcom mania that led to its free-fall.

The AI Bubble Is Bursting, Experts Say — Futurism (aug 2024)

Experts?

There are no experts because the story unfolds always the same way. Moreover, many so-called experts must be praying fervently as you read this. Indeed, Forbes stated in August that their initial projections would add around $15 trillion to the value of the global economy. Instead, stock shares have not stopped shrinking. Even Wall Street wonders whether A.I will ever make money, wrote CNN.

When stocks keep taking a beating, a rush to the exits must be expected. Markets are first emotional, which allows the bubble to form and expand. Then rationality sets in, becomes law and capitulation ensues.

Enough of the hype plaguing the Wallstreet. When are people going to start understanding that hype always ends in tears?

EVs have too been hyped to the extreme and now the market is faltering and economists look for the culprits. Here are a few examples: EV Sales Slump: Why Americans Are Not Buying Electric Cars and Why EVs Aren’t a Climate Change Panacea. Then this article written in 2011… did we care to listen? 8 Reasons Why The Electric Car Will Not Be A Success Anytime Soon.

Business Insider reads: the notion of an EV has been around longer than the gasoline automobile and is yet to be adopted with wide acceptance. In 2011, Morgan had already cut their forecast for EV penetration in the mainstream.

All this again was announced thirteen years ago and Wallstreet did not care back then. All that insiders ever care about is trapping investors looking for quick gains, and getting them at their games. Money was coming in and the tide was on the upswing. The strategy is simple and efficient, to say the least.

All booms follow the same scenario, with lots of hype and gullibility. Only those who get out in time will pocket their reward. But most investors will get caught by the rapid sell-outs and lose their shirts.

Wallstreet is a casino and even though many know this, it always ends that way. The most worrying perhaps is that very few people care to grasp the processes by which it happens. They take the market for granted and assume that dynamics cannot be changed.

That there has not been a Wallstreet Revolt yet is rather puzzling.

Valuations are today so high, especially since all the Quantitative Easing unleashed by world central banks in the wake of the 2008 crisis, that we are due for a Day of Reckoning like unseen before.

Bailing out the planet is not cost-effective anymore.

What has worked in the past will not work this time. Some institutions such as Blackrock, State Street, and Vanguard, will be protected, that's for sure but nothing for We The People, except maybe for Universal Basic Income or UBI, even for those who earned big.

But we will tackle UBI in a future blog and expound on this new lurking threat.

Luckily the upcoming crisis is also an opportunity for populations to rally and unite for a system change. A very different system. A competition-free framework. The lesson will be dramatic but Humanity needs to go through this economic upheaval, like a Rite of Passage.

We definitely remain optimistic about the long-term outcome because many will eventually see the foolishness of competition, and understand that as long as we follow a paycheck or the stock market, most end up sacrificing their happiness.

We do not take anything with us in the grave. Every life is a dream if we look closer.

So why are we taking life so seriously and thinking we can commodity Life as if there are no tomorrows and to suit our wants and selfishness? Instead, empathy and terminating hierarchical competition could help us achieve greatness and harmony. Think about it. These are very daunting questions that we will probe in our next blog… they must be answered once and for all.

Stay tuned!