I may look stupid…..
But I am the "GOVERNMENT"
Now how's stupid?
"The Fed Is Broke" - Gundlach Likes Gold, Fears "Expanding Wars" Most
In the past week, DoubleLine CEO and founder Jeffrey Gundlach has had a lot to say as the US banking system collapse and bailout enjoins Europe's banking crisis leaving central banks' inflation-fighting plans in question.
The market has dovishly adjusted to the banking crisis overhang… (pricing in a peak in rate in May with just one 25bps hike and then cuts for the rest of the year)
…and the new 'bond king' suggests that Powell hikes continue to keep up its inflation-fighting efforts, due to credibility concerns.
“This is really throwing a wrench in [Fed Chair] Jay Powell’s game plan,” Gundlach said.
“I wouldn’t do it myself. But what do you do in the context of all this messaging that has happened over the past six months, and then something happens that you think you’ve solved.”
Ironically adding that, The Fed is doing this with one hand at the same time as enabling inflationary policy with the BTFP on the other:
“I think that the inflationary policy is back in play with the Federal Reserve … putting money into the system through this lending program.” Gundlach said.
https://www.zerohedge.com/markets/fed-broke-gundlach-likes-gold-fears-expanding-wars-most
Iran-Saudi Rapprochement Will Deal A Deathblow To The Dollar
Eurasia’s geo-economic integration took a great leap forward as a result of the Iranian–Saudi rapprochement, which unlocks the Gulf Cooperation Council’s (GCC) trade potential with Russia and China. Its wealthy members can now tap into two series of Iranian-transiting megaprojects in one fell swoop through this deal, with the North-South Transport Corridor (NSTC) connecting them to Russia while the China-Central Asia-West Asia Economic Corridor (CCAWAEC) will do the same vis-à-vis China.
The bloc’s de facto Saudi leader has been prioritizing a comprehensive economic reform policy known as “Vision 2030” that was introduced by Crown Prince and first-ever Prime Minister Mohammed Bin Salman (MBS) upon his rise to power in 2015. It regrettably stumbled as a result of the disastrous Yemeni War that he’s been waging since that same year, but everything is now back on track and more promising than ever after securing $50 billion worth of investments from China last December.
https://www.zerohedge.com/geopolitical/iran-saudi-rapprochement-will-deal-deathblow-dollar
🆘 WARNING: "CRIMINAL" AT LARGE
Intel Republic has obtained copy of Russian President Vladimir Putin's arrest warrant (https://t.me/IntelRepublic/16569) from International Criminal Court (ICC).
🔒PUT-IN JAIL IF SEEN: Extremely dangerous "criminal", Vladimir Putin, seen in Europe, SAVING children of Donbass from INCESSANT (https://t.me/IntelRepublic/16192?single) Ukrainian shelling, shattering Western "rules-based order" and bringing world into multipolarity (https://t.me/IntelRepublic/15759?single).
📞If seen, pls call 1234-InternationalClownCourt.
Armed and Dangerous @IntelRepublic
Will AI Go Rogue?
Following this week’s release of GPT-4, OpenAI’s new multimodal model accepting image and text inputs rather than ChatGPT’s text-only prompts, people on social media have been marveling about the new engine’s results in performing a variety of tasks, such as creating a working website based on a simple sketch, outperforming humans in a variety of standardized tests or writing code.
But, as Statista's Felix Richter notes, as people are only beginning to understand the capabilities (and limitations) of artificial intelligence models such as ChatGPT and now GPT-4, there’s also growing concern over what the rapid advancements in AI could ultimately lead to.
“GPT-4 is exciting and scary,” New York Times columnist Kevin Roose wrote, adding that there two kinds of risks involved in AI systems: the good ones, i.e. the ones we anticipate, plan for and try to prevent and the bad ones, i.e. the ones we cannot anticipate.
“The more time I spend with AI systems like GPT-4,” Roose writes, “the less I’m convinced that we know half of what’s coming.”
According to Ipsos Global Advisor’s 2023 Predictions, many people seem to share Roose’s reservations with regard to artificial intelligence.
Infographic: Will AI Go Rogue? | Statista
You will find more infographics at Statista
According to the survey conducted among 24,471 adults in 34 countries, an average of 27 percent of respondents per country consider it likely that a rogue AI program will cause problems around the world this year, with some countries such as India, Indonesia and China seeing significantly higher degrees of AI angst.
Interestingly, the share of those expressing their concern over the potential of AI going rogue is virtually unchanged from the previous year.
Considering the very public leaps the technology has taken over the past few months, it’ll be interesting to see how this changes going forward.
https://www.zerohedge.com/technology/will-ai-go-rogue
Corporations are already buying into it ( I know, my work place is trying to bring it in) as way to save money and people are going to suffer for it!
I ordered the removal of Trump clearing the stage for my re-installation of MY next Term!
at least more ice cream