GOLDMAN SACHS, JPMORGAN, AND THE IMF ALL ISSUED THE SAME WARNING AT THE SAME TIME: THE $6.7 TRILLION AI DATA CENTER BUBBLE IS ABOUT TO BURST — AND YOU WILL PAY FOR IT

You have read every article in this series. You know about the dry wells. The spiked electricity bills. The farmland destroyed. The communities deceived. The wildlife wiped out. The children damaged. The elderly widow who can’t pay her bill.

All of it — every single story — has been built on one assumption: that the AI data center boom is real. That the demand is real. That the $700 billion being spent this year will actually generate returns.

Now three of the most powerful financial institutions in the world — Goldman Sachs, JPMorgan, and the International Monetary Fund — are saying something that nobody in Big Tech wants you to hear:

It might all be a bubble. And when it bursts — just like the dot-com crash of 2000, just like the housing crash of 2008 — the people who will suffer most are not the billionaires who built it.

It will be you.

THE WARNING SIGNS THAT ARE IMPOSSIBLE TO IGNORE

Multiple major institutions — including Goldman Sachs, the IMF, and JPMorgan — issued simultaneous warnings about the AI bubble beginning in late 2025. The prevailing expert consensus among financial analysts is that the AI bubble is already showing major signs of strain — with smaller startups and pure-play AI companies at highest risk of collapsing first, while diversified tech giants may weather the downturn but face substantial write-downs and valuation drops. 

Goldman Sachs. JPMorgan. The IMF. All saying the same thing. At the same time. That is not a coincidence. That is a fire alarm.

All the classic signs of a speculative bubble are present and paying out simultaneously in the AI data center boom: steep valuations, overbuilt infrastructure, speculative investment, and artificially engineered growth. The industry has all the hallmarks of bubbles that have burst before — and left devastation in their wake. 

Steep valuations. Overbuilt infrastructure. Speculative investment. Artificially engineered growth. That is the exact checklist that described the dot-com bubble in 1999 — one year before it collapsed and wiped out $5 trillion in wealth.

THE COMPANY AT THE CENTER OF THE BUBBLE — AND ITS TERRIFYING NUMBERS

CoreWeave — the AI data center company that went public in 2026 as the hottest IPO of the year — tells the story of the bubble perfectly. Despite explosive revenue growth from $16 million in 2022 to $1.9 billion in 2024, CoreWeave reported negative core earnings and was burning through cash at a rate that could only sustain operations for approximately 9 months as of its IPO filing. It carries $24.5 billion in total debt with $7.5 billion in interest payments due through the end of 2026. And most terrifyingly — 62% of CoreWeave’s revenue comes from a single customer: Microsoft. If Microsoft reduces its AI spending by even a fraction, CoreWeave collapses. 

$24.5 billion in debt. $7.5 billion in interest due this year. 62% of revenue from one company. Nine months of cash runway. This is the company that Wall Street valued at $23 billion at IPO. This is the company that represents the financial model of the AI data center boom.

According to Bloomberg, half of all proposed data centers in 2026 will face delays or cancellation — not because of community opposition, but because of financial reality. Components are not manufactured in the U.S. so contractors need to buy from Canada, Mexico, South Korea, and China — the very countries Trump’s tariffs have made more expensive. Interest rates on construction loans are eating up remaining cash. Corporations are scrambling for bond sales and bridge loans as timelines lag. Heavy users of AI tools are burning $500 to $2,000 per month each — costs that are proving unsustainable for most businesses. 

$500 to $2,000 per month. Per user. For AI tools. Most businesses cannot sustain those costs. The moment businesses start cutting their AI subscriptions — the revenue that justifies $700 billion in data center construction disappears.

WHAT HAPPENS WHEN THE BUBBLE BURSTS

Here is the scenario that financial analysts are now modeling — the scenario that Big Tech desperately hopes never makes headlines.

When the AI bubble bursts — and experts increasingly say it is a question of when, not if — many AI-focused data centers will face underutilization or become stranded assets. Some facilities will be powered down to cut costs. New or half-completed construction projects will be halted, leaving empty warehouses and unfinished infrastructure scattered across American farmland, wetlands, and communities. Operators of highly leveraged data centers will face financial stress, leading to auctions of hardware at deeply discounted prices. 

Empty buildings. On land that used to be farms. Next to wells that used to provide water. In communities that gave away hundreds of millions in tax breaks. Surrounded by families whose electricity bills went up to power buildings that now sit empty.

That is what a data center bust looks like on the ground. And America has been promised it won’t happen. Just like they were promised in 1999. And in 2007.

The second major risk that could trigger the collapse is technological obsolescence arriving faster than anyone expected. The AI industry is transitioning from the compute-intensive model “training” phase — which requires enormous amounts of power and the biggest data centers — to a less demanding “inference” phase, where trained AI models simply execute their existing knowledge. Inference requires dramatically less power and completely different infrastructure. Data centers optimized for training workloads — the ones being built right now, on your farmland, with your water — could find themselves overbuilt and underutilized within just a few years. 

The buildings being constructed right now — the ones draining your aquifer, hiking your electricity bill, destroying your community — may be obsolete before they are even finished. Because the technology they were designed to power is already evolving past them.

MICROSOFT IS ALREADY PULLING BACK — AND NOBODY IS REPORTING IT

Here is the most alarming data point in this entire story. The one that should make every American who has been paying higher electricity bills stop cold.

Microsoft — the single largest customer of CoreWeave, representing 62% of its revenue, and one of the companies that has committed hundreds of billions to data center construction — has begun canceling or pausing data center leases in multiple countries. Microsoft has also taken the extraordinary step of banning the use of AI by its own engineers — the very engineers building AI products — citing concerns about cost and productivity. Heavy users inside Microsoft were burning $500 to $2,000 per month on AI tools. The company decided that was unsustainable. 

Microsoft. The company spending $80 billion this year on AI data centers. Is banning its own engineers from using AI. Because it costs too much.

Let that settle for a moment.

The company building the most data centers in human history has concluded that using the AI those data centers power costs more than it is worth. For its own employees.

And yet — your electricity bill is higher. Your water is being drained. Your farmland is being bulldozed. For buildings that Microsoft’s own engineers are being told not to use.

THE DOTCOM COMPARISON THAT KEEPS EXPERTS UP AT NIGHT

The late 2025 and early 2026 debate among the world’s most powerful financial minds has been described as “Doomsters vs Boosters” — with BlackRock CEO Larry Fink and Nvidia CEO Jensen Huang arguing the fundamentals are strong, while Goldman Sachs, the IMF, and a growing chorus of independent analysts point to the unmistakable signs of speculative excess. Google CEO Sundar Pichai acknowledged “there would be overshoots in terms of valuations” — but insisted demand is real. The critical question is: how big is the overshoot? 

In 1999, everyone said dotcom demand was real. It was. But the overshoot — the overbuilding, the overvaluing, the overconfidence — was catastrophic. When it corrected, $5 trillion in wealth evaporated. Millions lost jobs. Pension funds were destroyed. Communities that had been promised tech prosperity were left with empty office parks.

The data center industry as a whole is unlikely to fully collapse — because general demand for cloud computing, video streaming, gaming, and enterprise IT remains strong. But AI-specific data centers — the ones built for the most power-hungry, most expensive, most rapidly evolving workloads — face the highest risk. And those are the ones being built right now. On your farmland. With your water. With your tax breaks. With your electricity. 

The safest data centers will survive. The AI-specific mega-campuses — the ones that required the most sacrifice from American communities — face the highest risk of becoming tomorrow’s empty warehouses.

THE BOTTOM LINE

Every community in this series gave something.

Patsy Bode gave her home of 20 years in Indiana. The families of Festus gave their political trust — and then took it back. The 81-year-old widow in Virginia gave money she didn’t have. The farmers of Arizona gave their crops. The residents of New Carlisle gave their well water. The people of Utah gave their fight — and won.

All of them were told: this sacrifice is necessary. This is the future. This will create jobs and growth and American competitiveness.

Goldman Sachs, JPMorgan, and the IMF are now warning: the financial model behind all of those sacrifices may be built on sand. The bubble may be inflating. The bust may be coming. And when it does — the empty buildings and the stranded assets will be left behind in communities that gave everything.

While the billionaires who built it will have already cashed out.

We have seen this movie before. In 2000. In 2008. The names were different. The buildings were different. The promises were the same.

Share this with everyone who has been paying higher electricity bills for data centers. They deserve to know the whole story — including the ending that Wall Street is quietly preparing for. 

Follow for more data center updates

Source: Built In — “Where AI Data Centers Are Headed After 2025’s Boom” (January 14, 2026) + Goldman Sachs / IMF warnings compiled by Global Research (May 2026)

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And we thought it was JUST Section 224 of the 2027 NDAA that would combine the U.S. military and the IDF. Turns out there's several bills attempting to do the same. Anyone who still thinks these data centers are about silly videos and Chat GPT needs to wake up NOW.

A Whole-of-Government entrenchment of Israeli influence is advancing through coordinated legislation that subordinates U.S. intelligence, defense, and foreign policy priorities to Tel Aviv’s agenda, at the expense of American sovereignty, interests and taxpayers.

H. Res. 1339 endorses Israel Prime Minister Netanyahu’s plan to shift the relationship from U.S. aid to “mutual” defense cooperation and joint investment, praising joint operations against Iran while pushing deeper entanglement.

The U.S.-Israel FUTURES Act (H.R. 7540 / S. 3855) formalizes this initiative with $150 million authorized, creating frameworks for joint ventures, co-production, and rapid fielding of Israeli tech into the U.S. military.

The U.S.-Israel Defense Partnership Act (H.R. 1229 / S. 554) mandates a Defense Innovation Unit office in Israel, cooperative counter-unmanned systems programs, RDT&E on emerging technologies like AI and robotics, and efforts to fold Israel into the U.S. national technology and industrial base (NTIB) alongside allies like the UK and Australia.

Section 622 of the Senate’s FY27 Intelligence Authorization “enhances U.S.-Israel intelligence sharing” by further embedding a foreign power into America’s most sensitive national security apparatus and makes it nearly impossible to disentangle U.S. intelligence from Israel

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NEWLY RELEASED: FBI Records Released By Judicial Watch Show Butler Deputy Had Email Contact With Thomas Crooks Before Trump Rally Shooting. The Butler Story Just Got Stranger......

Butler County Sheriff’s deputy exchanged emails with Thomas Crooks before the July 13, 2024, assassination attempt against Donald Trump, according to documents obtained by the conservative Judicial Watch through a FOIA lawsuit.

 

A heavily redacted July 17, 2024, FBI electronic communication summarized interviews with five Butler County Sheriff’s Office deputies conducted July 16, 2024. In one summary, a deputy said she checked her emails after being contacted by a New York Times reporter and found two email communications from Crooks. The specific subject of the emails was redacted.

 

The newly released FBI records show the deputy told investigators she had two email communications with Crooks prior to the shooting. However, the FBI heavily redacted the records, leaving the subject of the emails and the nature of the interaction hidden from public view.

 

The watchdog group said it obtained 48 heavily redacted pages from the FBI that include interview summaries and investigative communications tied to Crooks and the Butler rally shooting. The records also state that after Crooks was killed, a SWAT officer found a gray remote device with numerical buttons, an antenna and a cellphone in Crooks’ pocket.

 

Judicial Watch filed its lawsuit in July 2025 after the FBI did not respond to a July 2024 FOIA request seeking records related to Crooks and the assassination attempt. The request sought investigative files, interview summaries, reports, communications, media, database records and any FBI communications involving personnel, sources, contractors or assets and Crooks himself. The case is titled Judicial Watch Inc. v. U.S. Department of Justice.

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His name is Will Hollingsworth. He is a former programmer and digital artist. He used AI tools in his work for years — and watched those same tools eventually replace him. And then he walked into his city council chambers on April 10, 2026 — in front of almost 100 neighbors — and said the seven words that made the whole country stop scrolling:

“We are being asked to drain our reservoirs, so a chatbot can write a poem.”

This is the speech every American needs to hear.

THE FOUR MINUTES THAT CHANGED EVERYTHING

Hollingsworth stepped to the podium at the Ravenna City Council meeting — packed with almost 100 residents — and delivered what observers are calling one of the most articulate and devastating arguments against data center construction ever given at a public meeting. He addressed the council’s debate over a proposed 12-month moratorium on data center construction in the area. 

He didn’t yell. He didn’t wave signs. He just spoke — clearly, precisely, with the knowledge of someone who had worked inside the tech industry — and said what millions of Americans had been feeling but couldn’t put into words.

Hollingsworth tackled the water myth head-on: “They want us to trust a trillion-dollar industry that tells us, with a straight face, that they can suck five million gallons of water out of our ground a day, use it as a liquid heat sink and return it to our rivers without a single consequence.” He is skeptical that the forever chemicals produced in the cooling process won’t eventually find their way back into the water table — no matter how many studies say otherwise. 

Five million gallons. Per day. Out of the ground. Of a small Ohio town. Returned to the rivers. With no consequences. They want you to trust them on that.

Then came the line that the whole internet shared: “We are being asked to drain our reservoirs so a chatbot can write a poem or so our sheriff can generate a picture of himself standing next to Bigfoot.” 

The Bigfoot line. The local sheriff’s department had actually posted an AI-generated image of themselves arresting Bigfoot on Facebook — and Hollingsworth used it to make the most powerful point of his entire speech: this is what the water of 50,000 people is being sacrificed for. Not cancer research. Not clean energy. Not cures for disease.

AI-generated Bigfoot images. For a sheriff’s Facebook page.

The crowd roared. The internet exploded. “THEY ARE AN EXTRACTION” — THE LINE THAT DEFINES AN ERA

Hollingsworth then destroyed the jobs myth — the one that every data center developer leads with when they show up to a town hall: “A big employer who uses the water of 50,000 people — which only hires about 10 people — is not an employer. They are an extraction.” 

Extraction. Not investment. Not development. Not partnership.

Extraction. Like a mining company. They take what they need — your water, your electricity, your land, your tax breaks — and leave behind exactly as little as the law requires.

And then he said the line that hit deepest of all — the one that made even people who support AI stop and think: “We are being asked to fund a 21st century luxury with a 19th century resource heist.” 

A 21st century luxury. Paid for with a 19th century resource heist. AI chatbots. Funded by the water your great-grandparents drank. Funded by the electricity that should be powering your hospital. Funded by the farmland that fed your parents’ generation.

That is what is happening in Ravenna, Ohio. That is what is happening in all of America.

AND HE TRAINED THE VERY MACHINE THAT REPLACED HIM

Here is the part that hit the hardest on social media. The part that made people share the video millions of times.

Will Hollingsworth is a former programmer who used Midjourney — an AI image generation tool — in his daily work as a digital artist. In his own words, he “trained the very machine that would eventually replace me.” He fed it images. He refined its outputs. He made it better. And then it took his job. 

He built it. He fed it. He improved it. And then it took everything he had built his career around.

And now — instead of being bitter, instead of retreating — he walked into his city council meeting and used every skill he had developed across a career in technology to make the most powerful public argument against unchecked data center development that America has heard in 2026.

The machine took his job. So he used his voice.

AND IT WORKED

After Hollingsworth’s speech — after the chamber erupted in applause — the Ravenna City Council voted to approve a temporary moratorium preventing new data centers from being built in the area. The speech had done what no amount of formal lobbying or legal threats had managed to do: it changed minds. In real time. At a public meeting. In a town of 11,000 people in Ohio. 

The video went viral on Hollingsworth’s TikTok with more than 600,000 views. It was shared on X more than 250,000 times. It collected 49,000 likes on Reddit — where one user wrote: “God Damn that was good. Seriously this should be used as a script in every county these corporations are hustling.” National outlets from TechRadar to Tom’s Guide to Yahoo News covered it within days. 

A four-minute speech. At a city council meeting. In Ravenna, Ohio. Watched more than a million times across platforms. Inspiring communities across the country. And it actually worked.

The moratorium passed.

ERIN BROCKOVICH JUST JOINED THE FIGHT

And now — just one week ago — the most famous environmental advocate in American history stepped in.

Consumer advocate and environmentalist Erin Brockovich — whose real-life fight against corporate pollution became one of the most celebrated films in American history — announced she is joining the fight against AI data centers nationwide. She told CNN: “The size of these places is unbelievable” and called the rapid expansion of data centers across the country “shocking.” 

Erin Brockovich. The woman who took on Pacific Gas and Electric. Who stood up for the families of Hinkley, California when no one else would. Who proved that one person — with the right information and the right voice — can bring a trillion-dollar corporation to its knees.

She has now pointed that same energy at the data center industry. And she wants your help finding them.

Brockovich has launched a data center tracking initiative — publicly asking communities across America to report data centers being built in their neighborhoods, share documentation of permits and NDAs, and connect with her organization for support in fighting back. “Erin Brockovich’s next crusade is tracking new data centers across the US — and she wants your help,” was the headline that spread across tech and environmental media simultaneously. 

Will Hollingsworth in Ravenna, Ohio started a movement with four minutes and a microphone.

Erin Brockovich just picked up the torch.

THE WORDS THAT ENDED THE SPEECH

Hollingsworth closed his speech with words that silenced the room — and then brought it to its feet: “I am not a cynic when it comes to technology. I am a believer in community. I believe that a drop of clean water for a Ravenna child is worth more than a billion AI-generated images. Let us choose the child.” 

Let us choose the child.

Not the server. Not the shareholder. Not the stock price. Not the press conference where Trump stands next to tech billionaires and announces $500 billion in buildings that are already falling apart.

The child. The water. The community. The future that belongs to the people who actually live here.

That is what Will Hollingsworth said. In four minutes. At a city council meeting. In a town most Americans had never heard of. And a million people heard him.

Share this speech with everyone you know. Let them choose the child too. 

Follow for more data centers updates

Source: Futurism — “Man at City Council Meeting Makes Devastating Case Against Proposed Local Data Center” (April 17, 2026)

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This is not just about data privacy. It is about public trust.

If ordinary Americans are told that stealing, copying, or sharing someone’s Social Security information is a serious crime, then that same standard should apply when powerful people or government-linked teams are accused of mishandling sensitive data on a massive scale.

Reports and whistleblower claims have raised serious concerns about Elon Musk’s DOGE operation and its access to federal records, including Social Security data. The fear is simple but deeply alarming: if private information connected to millions of Americans was copied, moved, accessed, or shared without proper safeguards, this cannot be dismissed as a minor technical issue.

This kind of exposure can put people at risk of identity theft, financial fraud, disrupted benefits, and long-term privacy harm.

And let’s be honest. If a regular government employee walked out with private Social Security records, no one would call it “efficiency.” They would call it a scandal. There would be investigations, hearings, and demands for accountability.

So why should the reaction be different when the people involved are wealthy, politically connected, or operating under the banner of “government reform”?

That is what makes this situation so serious.

Americans did not agree to have their most sensitive personal information treated like a private experiment. Social Security numbers are not political tools. Federal databases are not playgrounds for billionaires. Privacy laws should not suddenly become flexible because someone has influence in Washington.

If people’s data was accessed or mishandled without lawful authority, a class action lawsuit may be exactly the kind of accountability needed. Because consequences should not only apply to ordinary citizens.

If the allegations are true, this is bigger than DOGE.

It is about whether powerful people can break the rules on a massive scale and still walk away untouched.

Do Americans deserve answers — and real consequences?