“The most famous stock market crash in history is the Wall Street Crash of 1929, which is primarily known as “Black Tuesday”. It occurred on October 29, 1929, marking the devastating beginning of the Great Depression. During the Great Depression, the U.S. unemployment rate peaked at roughly 25% in 1933, leaving about 15 million Americans jobless.” Google AI.
While the creators of AI and the bankers who have invested in it are telling you that it will not have a significant impact on human employment I would be taking that with a big grain of salt! The country’s ability to absorb this is very limited given the Federal deficit of 40 trillion, the 1 trillion dollar interest payment for this debt, the inability to sustain social security and medicare payment given the shrinking pyramid scheme supporting them!
And that is all I’m going to say about that!
Drain the Cesspool 