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The Mad Men of Artificial Intelligence: Developers Claim AI Verges on Becoming So Superhuman it’s Godlike!

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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The Fed is Killing Us by Over-Tightening Due to a Broken Job Market. There is Now Solid Proof.

We can now actually see with visual metrics what it looks like when the Fed keeps pushing against a badly broken job market that keeps pushing back. Because it doesn’t understand the broken labor market, the Fed is killing us.

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It’s Pancaking All the Way Down, Folks!

The contagion of collapse continues. As I suggested would happen earlier this week, the crazy buyout engineered in Switzerland as one of the oldest banks on Earth collapsed has spread to equally ancient, gargantuan and zombified Deutsche Bank, and that’s just what’s happening on the surface as the whole global financial structure shook hard again today.

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The Outer Limits of Central Banking: “We Will Control the Horizontal. We Will Control the Vertical.”

Back in the distant days of black-and-white television, when you had to get up periodically in the middle of your show to turn a little knob labeled “vertical hold” or another called “horizontal hold” to stop the flippin’ picture on the tube from rolling by, a fringy show called The Outer Limits …

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QE or Not QE, That is the Question

The Fed, in consort with the FDIC and US Treasury, has created two new rescue programs that are rapidly inflating its balance sheet — the Bank Term Funding Program and a revised FDIC policy that covers all deposits at certain banks for any amount of money — sky is the limit — but only if […]

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CONTAGION: Terrorist Fed Wipes out Banks as Cryptocollapse Flushes through the System

It’s contagion all over the place already. So many are asking if the wipeout of two banks, including the nation’s 16th-largest, is a sign of contagion that the worries have caused US Treasurer Janet Yellen to assure the nation again and again that the banks are more solid than ever and that the Treasury …

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Panic in the STREET: One Bank Crashes, A Bigger One RUNS for its life then crashes, and Suddenly it’s Panic on Wall Street!

Just when you have figured out what you’re going to write about at the start of day, along comes major morning news that sweeps your plans away. Today, the news changed more quickly than I could write the introduction to this article. I had to rewrite it and the headline several times after I published the article!

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The Balloons Are All Falling: What Some of the Great Voices Predict for 2023 and Beyond

Not all these voices are “great” as in “wise,” but some are that, too. What follows are some of the words from a couple of big economic thinkers who have predicted big crashes in the past and one major establishment voice who, all of last year, has been contradicting the predictions of his big colleagues.

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The Return of Inflation: It’s Back, it’s sticky, and it’s bound to get ugly!

The big news carried in The Daily Doom today was recession after recession and inflation after inflation. They’re both back (or “back to back”), and boy are they mad! This year’s big predictions on The Great Recession Blog appear to be lining up to start tearing things up this week as a nice little gooey Valentine’s surprise that ain’t yo’ mama’s box o’ chocolates!

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2023 Economic Predictions: The Road Dead Ahead

Since this is a long article packed with my predictions (and some near-predictions, so let’s say “high likelihoods”), you will probably want to read it in sections, which you’ll find cover my ongoing predictions about the following topics: To make it easier to get back to where you left off, I’ve made these targeted links […]

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2023 Prediction: The Fed’s Inflation Fight is FAR from over!

The dominant theme for last year, I said way back in 2021, would be that inflation would become such a raging inferno it would force the Fed to tighten harder than anyone expected by rapidly raising interest and erasing money supply, causing stock and bond markets to both crash together (a coinciding set of events […]

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The Davos Death Knell Has Been Rung

A sense of doom pervades the elites who are starting to arrive in Davos early for the big event. Attendance appears as though it may be less than usual. The count of private jets flying into Switzerland is said to be descending because some of the world’s top leaders have decided to avoid the poor photo optics of attending rich feasts during times of famine. Is this the death knell for globalism?

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