Also, fuck Micron and the loyalty I gave them
this post was submitted on 11 Jun 2026
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Fuck AI
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AI, in this case, refers to LLMs, GPT technology, and anything listed as "AI" meant to increase market valuations.
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When you zoom out and look at the bigger picture, this is just the latest instance of ever expanding credit being converted into assets, just like housing, and reflected in everything down to groceries.
The structural problem lies in the very fact that we have, since 1971 and the end of the Bretton Woods system, fiat currencies backed by nothing tangible or physical, allowing for limitless expansion and by extension inevitable devaluation.
That money has to go somewhere to avoid being eaten by the very inflation it created, holding onto a resource that can be infinitely replicated, like currency in our present system, is a guaranteed loss.
The goal of fiat fueled VC bubbles is never to generate immediate, honest profits from selling a product to consumers, the goal is asset inflation and capital preservation.
The system is not broken, it is in fact working exactly as intended.