this post was submitted on 13 Jan 2025
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TechTakes
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Big brain tech dude got yet another clueless take over at HackerNews etc? Here's the place to vent. Orange site, VC foolishness, all welcome.
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I know this isn't the main point, but governments don't go bankrupt in its own currency unless it wants to. Cause it can create money, like it now will create 14 billion to hand to tech mates.
What is really constricting government is real things, like the power, water, chips and such that will be wasted in this boondoogle.
This is good to know, because when they wasted those real world things and the billions are tucked away in private bank accounts, they will claim that the money is gone and now kids must work for their food, the old folks home must be sold of, etc. But that will also be a lie and all the promts and all the chatbots can't make it true.
The video that's linked in the original post goes into some of that. From the misappropriation of money during the pandemic, inflation Vs interest, failure to tax that misappropriated money back. I just borrowed his click baity title.