Time for the yellow trickle down.
By the way, the book "This Time Is Different" is a great read for those curious about the History of Economic Crashes.
Remember the Dark Ages?
Things can actually go back, A LOT, if a collapse spreads to a broader society which is weakened by massive inequality and incompetent power elites fully in pillaging mode, were it becomes structural.
And don't get me started on what happens to a nation that's the dominant nation of an era, at the end of their Imperial period, which is where the US is at the moment.
It's just very unlikely to happen in the lifetime of anybody (so people are prone to the falacy of thinking "this will never happen"), but definitelly happens as History shows us.
Will it get that bad? No idea.
Can it? Absolutelly.
At the same time, the further things get pulled away from the historical trend, the harder the rebouce (and overshooting) when whatever was doing the pulling finally cracks.
(Mind, you, having been in Gold since 2010 following the last Crash - mainly because that was the second Crash I was right smack in the middle of due to working in the Industry most affected, so I became very conservative as an investor and weary about the current Economic structure - I am oh so intimatelly familiar with that saying, having been expecting for a decade and a half what I saw as an innevitable broad economic collapse due to unresolved causes of the last crash and by how sticking to ultra-low interest rates, Central Banks did not have those tools available this time around with anywhere the same power as back in 2008.
Judging by how Gold has moved since 2023, there seem to be more and more people expecting the same as me).
What I'm really curious is how far the bubble bursting will spread beyond the US, as America seems to be the nation which, by far, went more all-in on this, plus, ironically, Trump's aggressive and chaotic trade policy has pushed other nations to try and isolate themselves from dependency on the US.
Also the weakenning of the Reserve Currency status of the USD (which was already happening and has been accelerated by Trump's actions) also reduces that as a pathway for transmission of any Economic Collapse in the US - the USD value crashing is less bad for other nations the smaller their reserves in USD and USD-denominated assets are.
This will almost certainly be an Earth-Shattering Kaboom in the US, but might just be Really Bad for the rest of the World, plus it will probably be worse the closer a nation is to the US as a partner, so there might be interesting results in terms of for example Canada not being quite as badly hit now than they would be a year before whilst for the UK it will be the other way around.
I was in none other than Lehman Brothers during the last Crash and thus in the aftermath, still inside the Finance Industry and armed with some understanding of how that Industry worked, keenly observed both what the Obama Administration did and what the Cameron Government did (I was in the UK), and the Obama Administration very much did everything the bankers wanted and then some.
This wasn't merely a refraining to doing a few things, this was activelly working with the very people who caused the Crash to make sure they were fine (in many cases, even better than before) after the Crash. It's not by chance that all over the World (but more so in the US and UK) Asset Owners came back even wealthier than before whilst people whose income came from Work kept seeing their lot get progressively worse for at least a decade (in the UK, for example, years after the Crash, incomes of the top 10% by wealth of the population were going up in real terms 23% a year, whilst the rest saw their real terms income fall by 1.9% per year).
The actions of the Obama Administration are what's behind the complete halt of Social Mobility in the US (which used to have more Social Mobility than Europe) and the current problems of poverty at the lower end of the social scale there, which in turn helped the rise of Far-Right Populism in the form of Trump.
Obama's reaction to Occupy Wall Street wasn't a "oopsie", it was fully consistent with the kind of policies he was enacting, the section of society he chose to help and the sections of society he chose to sacrifice to fund that help, since he got elected and started tackling the consequences of the Crash.
I too had hopes about Obama, but seeing the choices he made, many going far, far (FAR) beyond what was necessary to protect the broader Economy (in some case actually sacrificing the future of the many to make sure the few did not at all saw their wealth go down) dispelled that hope and any illusions I had about him.
Yeah, the OP's comment is weird: it's because what these types call "AI" not actually working properly in most environments (mainly because it makes critical, even deadly, mistakes with far, far higher frequency than even untrained humans) so adopters of the Technology are already suffering losses due to it and having to rollback their deployments of the "AI", that the bubble will blow causing an US economy collapse because of how much Market valuation is tied up to the AI bubble and the massive misallocation of resources and investments linked to it (a local economic collapse which might or not spread to become "world economy collapse").
An economic crash caused by the latest insanelly overhyped Tech grift turning out to not work at all at lowering costs for the adopters of that technology (quite the contrary) isn't an opportunity to sell more of that very insanelly overhyped technology.
I would expect that, like last time around, the way the capital rich will benefit from an economic collapse is because they'll be able to buy Assets on the cheap, whose values will then be propped up by Governments just like last time around (part of the reason why both realestate and stock markets quickly got back to beating records after the last world economic collapse)
The concept of Anarchist Gatekeeping is mind-blowingly ironic.
To get that photographic level of precision, I would expect more something along the lines of a modern horse using an Image Generation AI coupled to a Natural Language Processor trained on horse sounds.
Also one would expect to see a theme more interesting for horses - like, say, grass - in a drawing from a horse, though maybe this one could be more of a social critique, subtly alluding to the plight of enslaved horses.
Have you ever perused any of the trades or farming magazines: silly "news" about things that have happened to somebody in that trade are often there, not least because those magazines have to come up with stuff to fill a magazine every week.
Also don't get me started about the ridiculous "news" around Sports personalities in Sports magazines or about Celebrities in Celebrity magazines.
"Famous member of our community unfairly charged with crime" articles aren't exactly a crazy thing to expect in a magazine about a community that's built around things that people are rather than merely objects (in the latter one would indeed expect mainly articles about the objects rather than about people).
News media around communities publishes articles about the things that their readers might be interested in, not the general news that interests people outside the community, and articles about nasty things done to or happening to members of a community (and also a journalist, like the people that wrote the article, quite possible an acquaintance of them) do fall into that category.
Of course, all that shit happening in the US, it's quite possible that Politics did influence the decision of publishing the article, but then that's pure speculation, just like expecting that this person's sexual orientation is what prompted them being charged like this for a ridiculous made up crime is pure speculation.
Of course, if that's like in the last Crash, it relies on the Government saving their counterparties so that they can pay them, like the Obama Administration saved AGI so that Goldman Sachs could make lots of money from the Crash as that company was their main counterparty.