Has AI Gone Too Far?


Posted originally on Rumble By Charlie Kirk show on: May 30, 2025 at 3:00 pm EST

Silver Bars vs Coins


Posted originally on May 31, 2025 by Martin Armstrong 

SilverCoins

QUESTION: Marty,
There seems to be a growing trend with States approving gold and silver coins as acceptable payment methods. You have always said that it would be coins and not bars. However Florida now states that the silver must be 99% pure. How will this affect the pre 65 constitutional coins like dimes, quarters and half dollars generally referred to a junk silver? Junk silver coins will of course be worth more if the price of silver increases however it appears that one may not be able to use them for any daily transactions. Would one be better off selling their junk silver and converting it to silver rounds immediately? What does Socrates or Socrates Jr think on this topic as it is certainly a new wrinkle.
Thanks !
JimJ

ANSWER: I understand the act, and it only illustrates my point that when it comes to a silver bar, 99% of the people out there would NEVER know the difference between that and a bar of Nickel. That’s what I said; I prefer the pre-1965 silver coins because the average person can easily identify the date. They are ALREADY legal tender. So they are not demonetizing the silver coins.

Roll of Silver Eagles

The Roll of 20 – 2025 $1 American Silver Eagles are 99.9% silver. However, they are denominated as $1. This may be more confusing to the average smuck on the street. Personally, I have bags of silver coins, and I have a hoard of $20 gold coins that came from a central bank, which found them tucked away in the basement vault. They are all uncirculated 1924 Saints. This was a private offering.

1924 Gold Hoard 3

New York Times Suddenly Concerned About Palantir Data Compilation and Building of Surveillance State


Posted originally on CTH on May 30, 2025 | Sundance

The New York Times (think DHS embeds) are not concerned about the building of a surveillance state using cross-reference artificial intelligence systems into various government agencies; no, the New York Times (think DHS embeds) are concerned it is President Trump triggering the building of the process, and the parameters therein.

I have outlined this seemingly inevitable construct with great granular detail, that is creating the surveillance state for almost a year. Culminating in a December 2024 recap [SEE HERE] along with my position in January of this year [SEE HERE].  I do not like it, but I understand the arguments behind it.

[New York Times] – In March, President Trump signed an executive order calling for the federal government to share data across agencies, raising questions over whether he might compile a master list of personal information on Americans that could give him untold surveillance power.

Mr. Trump has not publicly talked about the effort since. But behind the scenes, officials have quietly put technological building blocks into place to enable his plan. In particular, they have turned to one company: Palantir, the data analysis and technology firm.

The Trump administration has expanded Palantir’s work across the federal government in recent months. The company has received more than $113 million in federal government spending since Mr. Trump took office, according to public records, including additional funds from existing contracts as well as new contracts with the Department of Homeland Security and the Pentagon. (This does not include a $795 million contract that the Department of Defense awarded the company last week, which has not been spent.)

Representatives of Palantir are also speaking to at least two other agencies — the Social Security Administration and the Internal Revenue Service — about buying its technology, according to six government officials and Palantir employees with knowledge of the discussions.

The push has put a key Palantir product called Foundry into at least four federal agencies, including D.H.S. and the Health and Human Services Department. Widely adopting Foundry, which organizes and analyzes data, paves the way for Mr. Trump to easily merge information from different agencies, the government officials said.

Creating detailed portraits of Americans based on government data is not just a pipe dream. The Trump administration has already sought access to hundreds of data points on citizens and others through government databases.

[…] Palantir’s selection as a chief vendor for the project was driven by Elon Musk’s Department of Government Efficiency, according to the government officials. At least three DOGE members formerly worked at Palantir, while two others had worked at companies funded by Peter Thiel, an investor and a founder of Palantir. (read more)

Every element of the U.S. surveillance state is contingent upon selling the ‘security’ message.  With a comprehensive and interconnected database of identity for all Americans: •it makes illegal alien captures and deportations more efficient; •it makes eliminating fraud and abuse in the entitlement programs more substantial; •it can make voting more secure, and •it could protect the identity of Americans from theft and exploitation.

Peter Thiel (Palantir), Elon Musk (xAI, SpaceX), Larry Ellison (Oracle), David Sacks and a host of mutually aligned artificial intelligence builders stand to benefit financially from a technologically efficient Surveillance State. Their companies and their AI software products are the targeting tools within the DHS surveillance system itself.

Do not be misled by their ownership of different companies within this construct, they are all mutually allied; factually, they are all friends in the same tech sector.

The tools created by Palantir et al, are multifunctional. They can be used by the Pentagon and CIA for military application, and they can be used by DNI, DHS, FBI and TSA for domestic application.

Just as the Patriot Act redefined “terror threats” to begin sweeping 360 degrees, so too are the tools of the surveillance state designed for both foreign and domestic application.

There is no way to avoid being the target of a weapon once that weapon is created. However, unlike the mutually assured destruction within the nuclear analogy, there will be no threat of mutual application within the surveillance bomb.  There are going to be castes or tiers of people not subjected to the outcome of detonation; therein lies my biggest point against it.

There are going to be tiers of people who are not subjected to the rules of the Surveillance State. There are going to be tiers of people, powerful, influential, some intensely rich people, to whom the application of the surveillance does not exist.

I have already seen this ‘tiered’ system starting to come into place. I have witnessed firsthand the outcomes of the software being deployed within the design of their building.  I have witnessed real identities masked by the system as an outcome of their status. Facial recognition programs that black out search results based on arbitrary definitions and determinations of those who control the surveillance application.

Inside the surveillance system, supported by the policy team behind President Trump, there will be classes of people. Just as we defined “essential workers” within the COVID-19 pandemic. This essential group will be classed based on their administrative value to the government operators who control the mechanics of outcomes; perhaps “essential administrators.” This is a natural outcome of the mindset behind “continuity of government,” the baseline for the Patriot Act creation.

I have traveled throughout the East and West to gain perspective on what makes us different; what makes Americans different.  What I can assert with clarity is that if we lose the Liberty argument then the ideological representatives behind Barack Obama will have succeeded, the fundamental transformation will be irreversible.

While the Declaration of Independence is long regarded as the greatest written declaration of purpose, the latter created Bill of Rights, the first Ten original amendments to the U.S. Constitution, is just as important. The first declared our intent; the second defined how our founders intended to retain the intent during our collective assembly. Together they outline what set the course to make America great.

This frames the cornerstone of my viewpoints on all of the characters in politics.  It is not a matter of debate that on these core issues of Liberty and the concerns around the Surveillance State will impact us all.  Everything else is a downstream consequence.

If the system is unavoidable, then what underpins my opposition?  Well, the tiered system of constitutional protections only for particular categories of personage must be rebuked.  On this matter there cannot be compromise, because every outcome that impedes our way of life is a derivative of this value, “all men are created equal.”

What is the value of national security, when the liberty that secures the values of America is destroyed in the process? Either the Fourth Amendment means something, or it does not!

Gold and Silver Now Legal Tender in Florida


Posted originally on May 30, 2025 by Martin Armstrong 

Florida Governor Ron DeSantis has declared gold and silver legal tender. HB 999 maintains that these precious metals may be used in payments if they meet specific purity standards. The bill goes into effect on July 1, 2026, but many are confused as to what this will entail.

As stated in the legislation: “Legal Tender; Revising the sales and use tax exemption for certain coin or currency; specifying that a person who claims the sales tax exemption bears the burden for determining whether the gold coin or silver coin meets a specified definition; providing a presumption regarding the purity requirements of gold coin and silver coin, etc.”

“We are the first large state to step up and to get this done,” DeSantis said. “And this is right out of the Constitution of the United States. So this legislation will authorize money services business like check cashers or PayPal to transmit and accept payment in gold and silver.” State Rep. Bill Bankson sponsored the bill with the goal to “eliminate the tax burden and make it a functional means of transaction between willing parties.”

To begin, Florida is not the first state to declare gold and/or silver legal tender. Utah passed the Utah Legal Tender Act of 2011, which declared coins of either metal legal tender. Oklahoma passed Senate Bill 862 in 2014, recognizing U.S.-minted gold and silver coins as legal tender and exempting them from taxation. Kansas and West Virginia have similar policies. Texas has recognized these coins as legal tender and enacted legislation to protect them from state seizure. Wyoming treats gold and silver as currency and has exempted it from sales tax. South Carolina and Louisiana have similar policies.

GoldCoins

Florida’s approach is a bit more structured. Gold coins must be at least 99.5% pure and silver coins at least 99.9% pure to qualify as legal tender. The weight and purity must be imprinted on the metal with the name or symbol of the mint refiner. Both will be exempt from sales tax. The state government may choose to accept silver and gold coins for payments on taxes, dues, charges, and debts. Yet, these transactions must be done electronically, and the coins will be held by a public depository while processing. A regulatory regime will be established to handle coinage, process insurance, record-keeping, licensing, and consumer disclosure agreements, which the Office of Financial Regulation will oversee.

Will Floridians see people using silver coins to check out at the grocery store? No. The law entails that payments in gold and silver coinage are entirely optional, and no person or business is required to accept them in payments. Merchants will not be required to attain knowledge on metal purity or have scales behind the cash register. The difference now is that businesses are allowed to accept them if they choose to do so. There are numerous tax benefits to choosing metal over cash.

If John Doe wants to purchase a boat from a dealership with gold, for example, the dealership must voluntarily accept the coinage but is in no way obligated to do so. Then the dealership has the burden of verifying the spot price of gold or silver rather than the state. However, if you go to a bank to cash a check, the bank will have the ability to offer clients payments in gold or silver coinage rather than cash. Another aspect to consider is that Florida will no longer add a sales tax on transactions in gold and silver, lowering the cost for businesses and consumers by around 6%.

This signals the ongoing loss of confidence in the federal government. States are rebelling against federal mismanagement and offering residents alternatives to move off the grid. People tend to hoard gold and spend paper. Gold and silver are not practical as daily commerce but are a symbolic store of wealth. We are entering a phase where sovereign debt will become toxic, and states will begin to prepare for the inevitable chaos coming from Washington.

Second US Commerce Dept Report – GDP Stagnant


originally on Posted May 30, 2025 by Martin Armstrong 

STAGFLATION

The US economy contracted by 0.2% from January through March of 2025. This is the second Q1 estimate provided by the US Commerce Department, with a third on the way on June 26.

Imports surged into the US during Q1 as corporations aimed to avoid incoming tariffs. The 42.6% uptick in imports marked the fastest pace of goods arriving in the US since Q3 2020. Business investment rose 24.4% in Q1, with business inventories adding 2.6 percentage points to overall GDP. Federal government spending fell by 4.6%, the largest drop in three years, but a deduction from overall GDP calculations.

Real consumer spending rose by 1.2%, albeit far less than the 4% posted during Q4 2024 and revised down from the first reading of 1.8%. Other reports indicate that Americans are spending far more on the essentials like utilities, health care, and housing. The Fed’s preferred inflation measure (PCE price index) rose 3.6%. Persistent inflation has led to cautious consumer behavior and a decline in demand for goods, contributing to the overall weakened reading for Q1.

Discretionary retail fell by 3% this quarter to 23% as consumers are less likely to purchase items like clothing, furniture, and electronics. Durable goods experienced a significant decline of 19%. The University of Michigan’s survey noted that decreased confidence has caused the demand for big-ticket items to decline. A lot of the demand we did see in Q1 was spending to offset anticipated tariffs. Autos, for example, rose by 11% YoY in March alone, and Q1 saw an overall 4.8% in auto purchases. That trend is not expected to continue as consumer sentiment is low.

April’s 2.3% CPI reading was the smallest annual increase since 2021, yet still above the 2% target set by the Fed years ago. The Fed isn’t fighting inflation. That phase is over. What they’re really fighting now is a collapse in confidence in the bond market, the dollar, and in the entire public sector. There will be no soft landing as once anticipated, as we are currently in a stage of stagflation.

Meanwhile, Fed Chair Jerome Powell met Trump at the White House on Thursday to declare that rate decisions would be based on “careful, objective, and non-political analysis.” “I’ve never asked for a meeting with any president, and I never will,” Powell said. “I wouldn’t do that. There’s never a reason for me to ask for a meeting. It’s always been the other way.” Trump invited Powell to the White House to encourage him to cut rates at the June meeting. The markets were pricing in a rate cut in June but now that does not seem as likely.

Trump fails to realize that the Fed is attempting to preserve confidence in the US, primarily in the debt market. We are witnessing cash deficits of over $1 trillion per quarter. Moody’s recently downgraded the US and no longer believes that Treasuries are a certain bet. The government is broke and the Fed must maintain the illusion of solvency.

LIVE: VP Vance Delivers Remarks at Bitcoin Conference…


Posted originally on Rumble on Bright Bart News Network on: May 28, at 1:50 pm EST

“There Is An Innovative Side To AI We Need To Embrace” Brian Costello On AI Working With The Populist Agenda


Posted originally on Rumble By Bannon’s War Room on: May 28, 2025, at 8:00 pm EST

James Poulos on the Cyborg Theocracy and What Can Be Done


Posted originally on Rumble By Bannon’s War Room on: May 23, 2025, at 9:00 pm EST

Mark Beall Confronts the Post-Human Goals of Silicon Valley Oligarchs


Posted originally on Rumble By Bannon’s War Room on: May 23, 2025, at 9:00 pm EST

Ep. 3644a – Now We Know Why The Fed Was In A Holding Pattern, Economic Boomerang


Posted originally on Rumble By X 22 Report on: May 18, 2025 at 4:45 pm EST