The 4th U.S. Bank has collapsed in less than 2 months, as it was announced late Friday that First Republic, an FDIC bank, was being purchased by JPMorgan and PNC after a government seizure. The bank is headquartered in San Francisco, and is part of the Silicon Valley crowd with rich clients who have money deposited way above the FDIC insurance limits. So the bailout of wealthy Big Tech investors continues.
With it becoming more and more difficult to find information on the Internet with Google and Microsoft increasingly working hard to control all online content, it is more important than ever for people to learn how to use RSS feeds. RSS feeds allow you to capture new articles published throughout the day without using email subscriptions, social media, or having to use online search engines or AI chat bots. RSS stands for Really Simple Syndication (or sometimes Rich Site Summary.) It was developed back in the 1990s during the infancy of the Internet, and was originally called RDF (Resource Description Framework). Almost all websites publishing content still use this technology today by using an XML file format that is included with each new article published, that can then be retrieved by an RSS feed reader as soon as that content is published. The more sites you add to your RSS reader, and the longer you use it, you will soon have your own "database" of sites that you prefer, which you can then search on your local computer or device. And don't just add sites you agree with, but add other sites that give different perspectives, so you do not succumb to online propaganda. When it comes to news, add other country's English news sites as well, such as Russian, Chinese, Arab, etc. so you can compare what the U.S. corporate media is reporting, compared to what other countries report on the same news topic, even if the other country's news site is just propaganda also from their government.
The hype over AI Chat searches as well as the "AI is going to take over the world and replace humans" is continuing unabated, and investments into AI are now the only thing left propping up the U.S. economy. I suppose this is the result of having a generation of adults who have now grown up in the "computer age" starting in the early 1980s who are now running the economy with their beliefs in AI and technology. Old school technologists like myself, who watched all of this technology develop, and know better, are having little to no effect in trying to dispel these false beliefs. I have earned my living and built my career on this technology for over 25 years now, but that doesn't seem to matter with this generation. My views on the hype over this "new" AI fad are not unique at all, as many others also share them, but it is much more interesting to state that AI is going to take over the world and replace humans, and that is the view that gets clicks and traffic today, which can obviously be monetized as well. Therefore, the "AI is going to take over the world" view is the predominant view, not because it is true, but because it is more popular and sells more. So I am going to highlight some of the other dissenting voices in this article, and then I am going to show what this "new" AI Chat software is actually doing today, as it has been out in the public for about 5 months now. But if you want the spoiler as to what it is actually doing today with hundreds of millions of users, here it is: It is a disinformation and data collection tool.
The news regarding the U.S. dollar's status as the world's #1 currency continues to be negative, as it was just reported today that the yuan surpassed the U.S. dollar to become the most-used currency in China’s cross-border transactions last month. This follows another report from last week that Russia is completely abandoning the U.S. dollar and Euro from energy exports. China and Russia are not the only countries that are abandoning the U.S. dollar.
Turkey announced today that they had finally reached "nuclear status" as they received their first batch of nuclear fuel from Russia. Turkey's partnership with Russia, despite being a member of NATO, is another dramatic example of how the political landscape in the Middle East is rapidly changing, as the region looks to break away from its ties to the United States and U.S. worldwide dominance in energy. Being the only Muslim country in NATO, Turkey also has the largest number of armed forces in NATO outside of the U.S., and they are a strategic country that spans through both Europe and the Middle East. Last year they patched up their differences with Saudi Arabia over the 2018 killing of Saudi journalist Jamal Khashoggi in Istanbul, and last month Saudi Arabia reportedly deposited $5 billion into Turkey's Central Bank to help prop up their economy. As an example of just how dramatically the geopolitical map is rapidly changing today, Turkey's historical archenemy since the end of World War I, Greece, is now inviting Turkey to become part of the recently formed East Mediterranean Gas Forum, which began in November of 2019. Check out the member nations that comprise this recently formed East Mediterranean Gas Forum, to which Greece is extending an invitation to Turkey to join: Egypt, Cyprus, Greece, Israel, Italy, Jordan and Palestine. Wait, what?? An organization consisting of Muslim, Jewish, and Christian Countries all cooperating together "on developing an infrastructure for gas trade within the region and with external markets"?? And now Greece is inviting their archenemy Turkey to also join??
Despite recent polling that indicates a majority of Democrats do not want President Joe Biden to run for a second term as President of the United States, the 80-year-old oldest ever President is apparently doing just that as he announced his re-election campaign today. Before Biden officially announced his candidacy for re-election today, the Democratic National Committee (DNC) stated that while they would support the Biden campaign, they had "no plans to sponsor primary debates." This has angered a lot of people in the Alternative Media who wanted to see Robert F. Kennedy Jr. debate Biden and address certain issues, but the reality is that both parties, Democrats and Republicans, have historically NOT sponsored primary debates when their party had an incumbent President running for re-election. This was true for Trump, Obama, Bush, Clinton, etc. when they ran for re-election after their first terms. When it comes to the issue of debate and free speech, there is another issue in the Alternative Media that I have not addressed until now. That issue is the fact that Dr. Robert Malone has inserted himself into the Alternative Media since 2021, developing his own narrative around the COVID issue and other political topics, and now is suing other publishers in the Alternative Media who dare to disagree with him. In my 2 decades plus of writing and publishing in the Alternative Media, I have never seen anything like this before. I am including it in this article, because Malone is closely tied to RFK Jr. and also his financial backer, wealthy Silicon Valley technologist Steve Kirsch. One of the people Malone is suing is Dr. Peter Breggin, who has had an outstanding reputation in the Alternative Health Media for many decades now. If you search Health Impact News for his name, you will find more than a dozen articles where we have covered his work over the years exposing the corruption in psychology and psychiatry. Breggin has just published an interesting article titled: "Robert Kennedy, Steve Kirsch, and Robert Malone – What’s It All About?"
I have been reporting on the Big Tech Crash since it started last year (2022). This crash picked up speed in 2022 following the collapse of the mega Cryptocurrency company FTX, which revealed a huge criminal Ponzi scheme that raked in $billions while its founder and associates reveled in their wealth with drugs, wild parties and sexual orgies. Criminal prosecutions and other civil lawsuits are still ongoing, and we may never know just how far this scandal reached, and the extent of those involved, which includes many famous professional sports figures. The Miami Heat NBA Basketball team's arena was even named after FTX, and had to recently change its name just after FTX had purchased a multi-year sponsorship of the arena. Here in 2023, however, investors have continued to pour money into Big Tech stocks, in spite of the losses they suffered in 2022 and the hundreds of thousands who have now been laid off by these companies, and I have been warning for the past 3 months that this is a huge bubble because most of these investments are going into the newest fad in Big Tech: Artificial Intelligence Large Language Models (LLMs) like ChatGPT, in spite of the fact that these new software products are not producing any revenue yet. And in a report published today about an analysis from JPMorgan, the analysis stated that "The interest sparked in artificial intelligence driven by ChatGPT and other large language models has driven more than half the gains in the S&P 500 this year." WOW!!! That's worse than even I expected! Not only is Big Tech in trouble and about to crash, so is the entire United States financial system.
The United States has been the world's most dominant economic nation since World War 2, and the primary way they have maintained their empire has been by controlling the world's oil and energy. But the world is quickly changing as more and more people wake up to the fact that the Ukraine war has been a proxy war between the U.S. and Russia, and that the goal of the U.S. has been to cut off Europe, which does not produce near enough oil to meet the needs of its population, from the cheap energy they were importing from Russia. The blowing up of the Nord Stream pipeline was part of that strategy, to force Europe to start buying more of their energy from the U.S. instead of Russia. But the rest of the world is striking back now, and quickly abandoning the U.S. dollar as the world's reserve currency, which has been called the "petrol dollar," being the currency that the world has used to trade oil. In order to convince the American public to support the endless wars the U.S. has engaged in since the end of WW II, which have primarily been wars to control the world's oil, they have had to engage in decades of propaganda spreading lies and myths to justify their military actions. So let's dispel some of these myths regarding energy and oil, including the myth that petroleum is a "fossil fuel" and not "renewable."
America is the most technology-dependent society in the world, by far. As I reported last week, the United States has the ability to spy on its citizens at a greater percentage than even China, due to the fact that a higher percentage of U.S. citizens are connected through technology and their cell phones than citizens in China, where over one third of the people in China do not even own cell phones yet. There is another way to measure America's dependency on technology besides cell phone and Internet usage, and that is by looking at how many data centers are in the U.S. that host all the server hardware that is required to keep all this technology running. In this category, the U.S. has no serious competitors. In fact, the U.S. owns more data centers than almost all other countries of the world combined, according to Statista.com. These physical computers, which are housed in physical buildings in physical locations, require tremendous resources to operate, which include energy resources and human resources, to keep it all running. Almost everything connected to the Internet today is run by these data centers that provide Cloud Computing. And all of these computers are primarily owned by three companies: Amazon.com and "Amazon Web Services" (AWS), Microsoft and "Microsoft Azure," and Google with their Cloud Services. If an enemy of the United States wanted to totally cripple our country, including military and intelligence operations, all they would have to do is take down the data centers owned by these three companies. The physical locations of these data centers is a matter of public knowledge, and I was able to find lists of their physical locations by using their own search engines, in less than 5 minutes.
While it has been a relatively quiet week in the financial sector, it may not be long before the economy takes over headline news again. ZeroHedge News reported today that U.S. banks are experiencing more runs on deposits. Pam Martens of Wall Street on Parade addressed the current "credit crunch" that was revealed this week with the release of the Federal Reserve's "Beige Book" report. Almost everyone now in the corporate news media financial sector is admitting that the U.S. Dollar's decline is a foregone conclusion in the future. The only question left is, how quickly will it collapse? Alasdair Macleod of Goldmoney has written the best analysis of the current U.S. Dollar situation that I have read so far, and it was republished on ZeroHedge News as well. This is a bit of a long read, but it is well worth it to understand what is probably in store for the U.S. Dollar in the future, as he tackles the question: "How quickly will the dollar collapse?" If you want a spoiler statement from this article, it would be this: "Assuming that foreign holders reduce their dollar exposure and at the margin buy renminbi (Chinese currency), the fall in the dollar relative to the renminbi could be unexpectedly sudden and substantial."
