AI Bubble Teetering on the Brink as OpenAI Admits to Massive Financial Failure: A $20 billion setback.

I think they may have located a more extreme, even dumber business category than “too big to fail”: “too big to bail out”.

Unfortunately, nothing is too big to bail for these clowns in power, borrowing money on America’s Credit is like their reason for being, all the lawmakers save few as well as the administration that will of course need to be bribed and paid a percentage of all bail out money.

I bet they can hit 70 trillion in debt by 2029.

As much as this sucks, I’m kind of, quite frankly, okay with it. Because I’ve decided that holding fiat currency isn’t worth doing. I hold my money in real hard money and then only convert what I need back to fiat when I need it.

They can bail out and inflate all they want, but they’re not going to be able to reduce my purchasing power.

I don’t know who will pay the bill for it, but I do know that it won’t be me.