Toni Aittoniemi
@gimulnautti@mastodon.green
Software Developer, Retired Pirate Politician, MA Musicologist Finland (EU) 🇫🇮🇪🇺 Interests: Culture, Technology, Programming, Math, Sociology, Philosophy, Left Economics, Music, Demoscene, Games, #NAFO, #antifa, Writing, Skateboarding, Circus. Not here for snarky comebacks. A slur is not an argument. Follows only by review. Sorry, but fresh burner accounts spewing pro-russian propaganda into my replies follow me every day, and I'm tired of blocking them.
mastodon.green
The debt taken out to fund the data center boom has already been repackaged to financial SPV’s and sold to 401k retirement funds as bonds.
If the power, water, and usage to these plants fails to materialise, which physics says it will, those bonds will lose value.
The tech bros already outsourced their losses to US retiree’s pensions.
Source:
https://youtube.com/watch?v=sQGZXrzykpU
#datacenters #401ks #retirement #funds #pensions