Absolutely! The central planners will drag it out like a corpse, CBDCs are one example of them doing just this.

The collapse is basically the inevitable end of all fiat systems; which loss of purchasing power, when working two or more jobs out of necessity becomes the norm and debt enslavement are just symptoms.

That’s it right there! Once things become more centralized serfdom is inevitable due to dependency on permissioned systems where root access lies with a powerful minority

You summarized the problem beautifully 🤝💯👏🏻

This is not the best way to ensure a US win. Firstly, China has more installed electricity capacity than the US and we both know that data centres are electricity guzzlers. The US actually needs to build approximately a minimum of 40 new nuclear power plants in the next decade if it’s to stay in the game. I assume that theoretically this EO seeks to address that as well but realistically barring the discovery or invention of new more efficient reactors, the probability of the US building this capacity in a decade is quite low. That’s saying nothing of the fact that companies like OpenAI bet the farm on LLMs with AGI being the target. As of today, it doesn’t seem like AGI is coming anytime soon

It’s not misleading at all, especially when you consider the numbers and the events leading up to this. Genesis ensures the state, through the Dept of Energy is a buyer of last resort for any “AI services”, given the likelihood of the scenario where the state intervenes; this is a preemptive bailout through the back door. Whilst Nvidia is financially sound and has a proven business model, openAI is supposed to somehow pay for infrastructure worth $1.6T against $12B worth of revenue in the next 4 years. I believe in miracles as much as the next guy, but I don’t see a realistic scenario where OpenAI doesn’t get a gvt bailout to stay afloat.

I destroyed every singe argument in that thread in my article. Of course everyone is free to believe whatever hey want.