Posts

Showing posts from July, 2026

​The AI Dumpster Fire

Image
Notes from https://youtu.be/zDtvrme-L-0?is=U3IvdLnC3Rnfd37- ​ With nearly $3 trillion in AI investment on the line, taxpayers shouldn't be worrying about the return on our investment—we should be worrying about the return of it. Everyday citizens will pay dearly for this inferno. ​Today’s tech billionaires are playing a familiar game: privatizing profits while socializing costs and losses. Despite sky-high market valuations, internal warnings are leaking out. Reports reveal that OpenAI’s Chief Financial Officer cautioned CEO Sam Altman about the company's aggressive spending plans. While Altman publicly praises the transformative potential of AI, internal messaging to investors paints a far more precarious financial reality. ​ Recent web-traffic tracking data from analysts at Similarweb (via Momentic) shows OpenAI capturing 53.9% of worldwide chatbot visits, followed by Google Gemini at 27.9% and Anthropic's Claude at 9.2%, with smaller players splitting the rem...

The $1.65 Trillion AI Shadow Debt*

Image
​Tech giants are reviving the off-balance-sheet financial engineering behind Enron and 2008 to finance the AI boom—a dangerous gamble given that tech accounts for nearly 40% of the S&P 500. In the 1990s, it was the Special Purpose Entity (SPE); in 2008, the Collateralized Debt Obligation (CDO). Today, it’s the Special Purpose Vehicle (SPV). A Nikkei Asia investigation highlighted by tech analyst Ed Zitron revealed a staggering reality: five major tech giants hold an estimated $1.65 trillion in off-balance-sheet AI commitments—exceeding their combined reported debt of $1.35 trillion. How the SPV Loophole Works Building AI infrastructure is eye-wateringly expensive. When Oracle used traditional bonds to fund its expansion, credit rating agencies soured on its outlook. To avoid credit downgrades, Hyperscalers (Meta, Microsoft, Amazon, Google) and cloud providers (like CoreWeave) are turning to private credit: ​-The Setup: A tech giant creates an independent LLC (an SPV) to...

Wise Leaders

Image
​ Never in American history have we possessed so much information, yet so little wisdom. While brilliant minds abound, our leadership has become self-consumed—defined by intellectual dishonesty and emotional fragility.  To avert systemic collapse, we must demand a fundamental shift in how we lead. ​True leadership applies experience and public service to guide others toward the common good, prioritizing long-term sustainability over short-term authority. This requires the self-regulation to curb impulsive biases, the relational wisdom to bridge deep divides, and the organizational capacity to manage complexity without resorting to authoritarian control. The consequences of autocratic leadership are always disastrous. ​ Today, our economic and ecological trajectories threaten future generations. We are drifting toward bankruptcy, spending massive portions of our revenue just to service our debt. Technological silver bullets like AI will not save us; we cannot simply inve...

​Elites Endanger: Greed Trumps Needs

Image
​Never have elites threatened our world more than they do today. While ordinary families across the globe struggle to absorb the crushing costs of food, housing, and healthcare, the world’s ultra-wealthy operate in a completely different economic stratosphere. ​Just look at Trump Savings Accounts—new federally backed, tax-deferred investment accounts for children that primarily benefit those who already have money. ​Recent Oxfam data reveals a staggering truth: billionaire wealth has jumped by over 16 percent to a record high of $18.3 trillion. This wealth is accumulating three times faster than the average rate of the previous five years, all while nearly half the world’s population languishes in poverty. Today, there are over 3,000 billionaires worldwide, collectively holding over $16 trillion in wealth. In fact, the top U.S. billionaires own more combined wealth than the bottom 50 percent of American households. Even the most volatile financial shifts illustrate this mas...