The entire US economy is currently being propped up by growth in the AI/tech sector. And I am convinced that LLMs are fundamentally incapable of delivering on the promises being made by the AI CEOs. That means there is a massive bubble that will eventually burst, probably taking the whole US economy with it.
Let’s say, for sake of argument, that I am a typical American. I work a job for a wage, but I’m mostly living paycheck to paycheck. I have maybe a little savings, and a retirement account with a little bit in it, but certainly not enough that I can retire anytime in the near future.
To what extent is it possible for someone like me, who doesn’t buy into the AI hype, to insulate themselves from the negative impact of the eventual collapse?
Revolut
I beg everyone if you swap currencies on fintech apps, open a real bank account with a normal bank. Revolut can arbitrarily withhold your money at any time unless you can afford a good lawyer to get it back
Revolut is subject to EU laws which are much stricter than US ones. It’s not like Wells Fargo, an actual US bank, hasn’t already messed with Americans by just straight up stealing from them. Wells Fargo would’ve been dead by now in the EU for their shenanigans.
look up the many people who had their money held up arbitrarily due to surveillance algorithms gone wrong. I couldn’t access a small donation I really needed at the time because of this