The AI Boom Is Draining Global Markets

Daily video by Korra · 12 October 2026

Imagine your country's interest payments on its debt were one hundred and twenty-four percent of your entire government revenue. That's not a…

Transcript

Imagine your country's interest payments on its debt were one hundred and twenty-four percent of your entire government revenue. That's not a hypothetical. According to the World Bank, that's the reality in Nigeria right now.

That's just the tip of the iceberg. This morning, India's central bank aggressively tightened its forex rules, trying to stop capital from bleeding out. It's a pattern emerging across global markets: a massive capital drain that's putting entire economies on the back foot.

So where is all that money going? My read is this is AI cannibalism in action. The global race to build AI infrastructure is sucking capital out of every other sector and country, creating a 'Silicon Tax' on the rest of the world. Emerging markets are just the first to feel the pain.

This is the hidden story behind the AI boom, and I'm tracking it on the AI Cannibalism and EM Capital Drain page over on korra dot finance. The real tell isn't just a country's debt, it's whether this drain starts showing up in the price of everything else.

Information only, not investment advice.