Iām catching up on the news today and see that Nvidia forecasts $1T in GPU sales over the next 18 months. That is crazy. I donāt know how that works at any level.
Also on the nvidia news front, they are making a version of the gpu for orbital datacenters. Now Iāve been around for a long, long time and Iāve heard some pretty dumb ideas in that time, and I feel like orbital datacenters is at least in the top 10.
I am now terrified to ask what the top 10 list you do have is.
Nothing about the casino economy has any contact with reality. And when we take into consideration that a handful of billionaires own about 80% of all stocks, itās just an inside game of their manipulating stock prices.
@GhostOnTheHalfShell
Is that true, that ā a handful of billionaires own about 80% of all stocks, itās just an inside game of their manipulating stock pricesā? š¤
Terrifying!
#USPol #InsiderTrading #corruption #briberyAndCorruption #NoConsequences
The top 10% own 94% of all stock.
ā ā¦found that the lionās share of these gains went to the richest 1 percent. This elite group owns 54 percent of public equity markets, up from 40 percent in 2002. The next 9 percent (or households in the 90th to 99th percentile) saw their share of public market value grow from 38 percent in 2002 to 39 percent, a modest gain.ā
https://inequality.org/article/stock-ownership-concentration/
@GhostOnTheHalfShell
Hey thanks for that, I guessā¦ what a depressing read (along with the rest of this thread). Gives new significance to the question Iām now seeing asked: who benefits from the elevated oil prices that are a consequence of the war in Iran. ā¹ļø
@GhostOnTheHalfShell
I found this para an interesting summaryā¦ albeit usual depressing ending
(the rest of the article is about American billionairesā āgiving pledgesā - now out of fashion, apparently):
āWealth last concentrated at such levels during the original Gilded Age, the 1890s through the early 1900s, and the correction didnāt come from philanthropists. It came from trust-busting, the federal income tax, the estate tax, and eventually the New Deal. It arrived as policy that was driven by political pressure too powerful to be ignored. The institutions that forced that correction ā a functional Congress, a free press, an empowered regulatory state ā look considerably different today.ā
https://techcrunch.com/2026/03/15/the-billionaires-made-a-promise-now-some-want-out/
#wealthConcentration #GildedAge #correction #taxes #institutions #USPol
#reconnectingconsequencesToCauses
Jerry š¦šš¦
GhostOnTheHalfShell
Su_G
