Trump Swaps Decorated Admiral With 33-Year-Old DOGEr with no Naval experience

[pat_k]

4. All part of the great transfer of treasury dollars into NVIDIA, Open AI, etc , to further prop up...

Last edited Thu Oct 30, 2025, 07:00 PM - Edit history (1)

... the "magnificent 10," and enable circular, incestuous deals that massively, and artificially, inflate values. With the obscene and destructive concentration of wealth in the top 0.1 percent, and the immoral, destabilizing level of concentration of wealth in the hands of the top 10%-0.9%, our economy is incredibly fragile. Similarly, such concentration in the market creates a house of cards that can, and undoubtedly will, collapse at some point.

The top 10 percent account for 50% of consumer spending. And if the market drops even just 10%, those people get nervous. Unlike the rest of us, who can't cut spending very much because what we spend overwhelmingly goes to essentials, when the top 10% get nervous, they can cut their spending by 20, 30, 40, or even 50% overnight, triggering a recession.

More on how fragile America's concentration of wealth, coupled with its "all in" bet on AI makes our economy here:

No Mercy No Malice @profgalloway
Scott Galloway
How Does the End Begin
https://www.profgalloway.com/how-does-the-end-begin/

The top 10 stocks in the S&P 500 account for 40% of the index’s market cap. Since ChatGPT launched in November 2022, AI-related stocks have registered 75% of S&P 500 returns, 80% of earnings growth, and 90% of capital spending growth. Meanwhile, AI investments accounted for nearly 92% of the U.S. GDP growth this year. Without those AI investments, Harvard economist Jason Furman noted, growth would be flat