People get distracted over the fate of the pure speculative frenzy could be an AI bubble, and the harm to the hapless speculators and banksters could have a minor impact on the rest of the economy.

Reality is far worse than an AI bubble. It is a US mission for a fossil fueled powered Skynet for Israel that is too big to fail. Bubble in AI investments becomes unlikely, but total destruction of rest of US economy/prosperity becomes assured when the “plebs able to eat in America bubble” bursts is a sacrifice that a fossil fueled powered Skynet for Israel is willing to make.