2008 vs 2026: The Same Dominoes Are Falling

The machine that broke the economy in 2008 has been rebuilt — and this time it's made of AI. Jay breaks down the $2 trillion in promised future payments that Microsoft, Oracle, Google and Amazon are counting as guaranteed revenue, why those promises come from companies that lose billions every year, and how the same structure powered the housing bubble — which actually died in 2006, while prices were still at record highs. He explains why a nearly free Chinese AI model is now attacking the growth that holds the whole thing up, why Washington's proposed ban could make it worse, and the one number that signals when the machine starts to break.

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Citations: https://rentry.co/jms-same-dominoes-sources

0:00 The Largest Funding Round in History

1:36 Everybody Remembers 2008. Nobody Remembers 2006