David Boles2d ago

The Money That Never Leaves the Room: How AI’s Circular Financing Revived a Warning Richard Cantillon Issued Three Hundred Years Ago

In September 2025, the chip company Nvidia announced that it would put as much as $100 billion into OpenAI. The pledge carried a condition that few headlines bothered to translate: OpenAI would spend a large share of the money leasing and buying Nvidia's own processors to fill the data centers the investment was meant to build. Nvidia pays OpenAI. OpenAI pays Nvidia. The figure on the press release reads as growth. The mechanism underneath reads as a man moving a coin from his right pocket to his left and announcing that the household has grown richer. […]

https://bolesblogs.com/2026/06/10/the-money-that-never-leaves-the-room-how-ais-circular-financing-revived-a-warning-richard-cantillon-issued-three-hundred-years-ago/

no-adviceApr 28, 2025
Easy money' doesn't create wealth, just transfers it to those closest to the money printer. The Cantillon Effect explains why money printing increases inequality despite good intentions. #CantillonEffect
Dick Smiths Fair Go SupportersAug 24, 2023

There are words that relay the extreme gravity of a crime. Words like 'rape', 'murder', 'incest' and 'extortion' all have a visceral sense of how bad an act is.

If only we could determine a word like that for '#moneyPrinters'.

Words '#theft' and '#slaver' are too weak. The term '#humanTrafficking' is not bad but has other meanings.

If 'usury' is for loanSharks — how about '#abusery'?

Or something named after the #CantillonEffect — like '#tillony'?

#wordSmithing #bitcoin

Show threadDick Smiths Fair Go SupportersFeb 17, 2023

@lykso @lightweight

> Otherwise they have to go through gatekeepers

Large institutions yes. Smaller ones, maybe? Everyone should learn basics, and get an appreciation of where they sit on the Threat Spectrum. Also, UI/UX is improving.

> constitutes a feedback loop (…) If you want to fight money in politics (…) you've got to fight capitalism.

Bitcoin breaks the worst #feedbackLoops. Also takes some power out of large cities. See also #CantillonEffect. Running a full node is resistance.

2/3

Show threadDick Smiths Fair Go SupportersFeb 6, 2023

@anita
Nice to see another person on the same page as us!

Indeed the centralization of currency creation and severing from a hard currency like gold has lead to a plethora of problems. Inequality due to #cantillonEffect being one such pernicious element but in many ways both of the two world wars were financed by debt money.

The map of perceived corruption, is correct only because it is labelled "perceived". There is so much #corruption and #financialCrimes, in western nations, but its covert.

Dick Smiths Fair Go SupportersJun 6, 2022

@atyh
That's apparently why antitrust/#monopoly caveats were (quickly?) added to the definition on #capitalism.

Western capitalism has failed really to do anything on #antitrust, the first time it did was with M$haft but we now know that was simply to introduce a second #astroturf to provide a veneer of #competition.

Amzn, Ggle and Cflare are especially heinous beneficiaries of the #moneyPrinter, and/or ever lower #interestRates.

Definately not a "#freeMarket".

See also #cantillonEffect.

Show threadDick Smiths Fair Go SupportersMay 25, 2022

@mhoye
And for the #UnSmart there is the constant #hacking by the #Charity and #NonProfitIndustrialComplex.

#cantillonEffect #banksters #virtueSignalling #UBINow

Show threadDick Smiths Fair Go SupportersJan 19, 2022

@anubis2814
That proposal is effectively #trickleDownEconomics mixed with #priceFixing, it hasn't worked for 51 years. It entrenches #neoFeudalism via the #cantillonEffect.

Bitcoin is the hardest money ever discovered and hashing is a solemn duty to secure it from adversaries and saving our planet from #overConsumption. The militaryIndustrialComplex (#MICIMATT) is the ponzi literally burning the planet.

Dick Smiths Fair Go SupportersNov 9, 2021

@hardmous
Money laundering is half the story, when these things become legitimate they will replace govt landtitles and thus the #bankers will have completed their destruction of govts.

#howVeryKeynesian #growth #riggedEconomy #cantillonEffect #banksters #NFTOwningDemocracy #moneyPrinterGoDrr #moneyLaundering #kleptocrats #centralBanking #scamWatch #etheriumScam
@besserwisser @polychrome @piggo

Dick Smiths Fair Go SupportersSep 28, 2021

@andi
NFT and ETH are not hugely important in our view. But #bitcoin is. If you are an environmentalist and are against #endlessGrowth, can we suggest a video?

Search for "Bitcoin vs political power" by a person called Stephan. Its not long.

Then come back and we can discuss more if you like.

The ppl you work with might simply be willfully ignorant because they get first dibs on #moneyPrinting, dubbed the #cantillonEffect.

If you're passionate about peace and sustainability check that video.