Archive for April, 2023

Fedbucks Coming to a Theater Near You This Summer!

Posted April 25, 2023 By David Haggith

We are nearing the time in early summer when the entertainment industry rolls out its new blockbusters and flops. June is also that time when the Fed had said it will roll-out its own special feature (and likely future box-office flop) — the platform that will likely be used as part of its eventual central bank digital currency …

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Cover art for "Home Deus," the Hebrew edition of a book by Dr. Yuval Noah Harari

The experts in AI admit they know almost nothing about how the artificial intelligence they have created will go about proceeding with any designated program because it is self-programmable. It takes on a life of its own. Some developers have claimed it is already nearly godlike and reaching for divinity. Some say it cannot be stopped. Some even warn their own experiences with it demonstrate that it is sentient and malicious or evil.

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Last week, I wrote about an AI computer named “Chaos” that was actively trying to destroy all of humanity with a command to run continuously … as is in never allow itself to be shut down. I published the story because it was happening right after more than a thousand CEOs and experts had warned the world this could actually happen soon.

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Elon Musk Portrait Painting Collage by Danor Shtruzman (https://creativecommons.org/licenses/by-sa/4.0)

Last month Elon Musk and many other billionaires and developers of Artificial Intelligence alarmed the world with a claim that all development of AI must be immediately halted, or it will quickly kill us all! It turns out there is more to the story than met the eye …

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The Day the “Coming Doom Loop” Went Loopy

Posted April 7, 2023 By David Haggith

In just a single day last week, The Daily Doom ran three stories, hot in the financial headlines, from three different authors that prominently featured the term “doom loop.” I guess The Daily Doom was an aptly chosen name for the news we have today. Now, maybe that all started with Nobel Laureate Nouriel Roubini […]

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The Fed Never Sees it Coming! They Just Cause it!

Posted April 6, 2023 By David Haggith

Even though the Fed was specifically chartered to help protect the US from massive economic collapses like we experienced in The Great Depression and to protect banks from major bank runs like banks experienced in the Great Depression, the Fed never sees these things coming. Not only does it fail to see them coming even […]

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