Speculation on AI is certainly unbounded and no one seems to know where to find a profit. Let alone AI. Think about that.
It is my contention that AI cannot exist outside of BIG DATA. worse, this is eponential and cannot end well.
Real AI must recall the future in order to survive to avoid collapse. right now, AI is reading BIG DATA and failing to understand it in terms of fresh insights. Prove bthat i am wrong.
Does Trump’s appointment of Kevin Warsh Signal an approaching financial crisis?
https://paulcraigroberts.org/does-trumps-appointment-of-kevin-warsh-signal-an-approaching-financial-crisis/
Does Trump’s appointment of Kevin Warsh as Fed Chairman signal an approaching financial crisis?
Paul Craig Roberts
Warsh played a key roll in the bailouts of the large Wall Street firms that bet wrongly on mortgage derivatives and their insurance. This article in The Burning Platform reports the hundreds of billions of dollars created by the federal reserve to protect the big financial players from their mistakes: https://www.theburningplatform.com/2026/01/31/warsh-is-another-swamp-creature/
The question naturally arises why Warsh is needed as Powell’s replacement? Have things again gone wrong?
Public opposition to the bailout in 2008 resulted in the promise of no more bailouts. Instead we were told there would be bail-ins. The public did not know what this means but it reassured them.
It should have scared them to death.
According to the regulations developed that govern a bail-in, our ownership of our IRAs, pension plans, stock and bond investments held at an account provider or depository institution such as Merrill Lynch, Schwab, Wells Fargo have been subordinated to the claims of the “secured creditors” of the institution where you have your account. In other words you are dispossessed of all of your financial holdings because it is these holdings that will be used for the “bail-in.” The regulations specify American savers as the source for the next financial bailout.
In April 2024 I wrote four essays about the information David Rogers Webb provides in his book The Great Taking. I provide the essays below.
How realistic is a bail-in as an official response to the next financial crisis? What government would actually employ it? The result would be chaos. No payments could be made when the entire population is financially dispossessed. How could anyone come up with such a system? Such a system would require a guaranteed income issued to every American in the form of digital currency to permit their continued existence while the assets they had provided for themselves for this purpose are used to bailout reckless financial gamblers in the financial system..
What is the point of this other than to subject the population to total control? Digital currency gives the ruling elite the ability to cut off dissenters from the means of survival. It guarantees a completely submissive population that supports all of the lies inherent in the official narratives.
But as far as we know, the United States is not yet prepared for this extraordinary transformation from democracy into tyranny. Therefore, how can the regulations that comprise the great taking go into effect without resulting in total chaos? No government has an interest in total chaos for which it is unprepared to take advantage.
Ever since World War II, when Washington took the power of reserve currency from the British pound and gave it to the US dollar Washington has been able to pay its bills by issuing US Treasuries as the demand was unlimited because US Treasury bonds were the reserves of the world central banks. As American debt increased so did the reserves of the world central banks. Everyone was happy.
The dollar’s security as world central banks’ reserves has been jeopardized by the weaponization of the dollar, which puts central bank reserves held in dollars subject to confiscation. Without access to their dollar holdings, central banks cannot act to prevent speculators from driving down their currency as they have no dollars with which to buy their currency, thereby maintaining its price.
A financial crisis could be forming around investments in artificial intelligence. To date, the rate of change in artificial intelligence technology has been so high that investments in artificial technology are outmoded before they produce the profits to justify the investments. Consequently, the boom in artificial intelligence has relied on new money based on speculation that large profits will be delivered in the future. The question is how long new investment will pour in into an industry in the absence of profits to justify the investments.
Having presided over one bailout, Warsh is a logical choice to preside over another or to orchestrate the financial arrangements.
