The golden rule of government is that whenever something new emerges – regulate it even when you do not understand what you are doing. While the details are not yet set, the EU wants to be the first to regular AI. This new legislation requires foundation models such as ChatGPT and general-purpose AI systems (GPAI) to comply with transparency obligations before they are put on the market. These include drawing up technical documentation, complying with EU copyright law, and disseminating detailed summaries about the content used for training.
The real problem is what is AI? I can right a rpogram that will talk, mimic a human, list all the known diseases in a database, then you answer some questions and it will say you have this or that. That is not AI. That is just a look-up program. How do we even define AI? I fear that they will simply take a look-up program and attribute that to AI. The regulation will become such a nightmare that you cannot participate in such a marketplace.
The EU legislation stands a high probability of killing AI development in Europe and, in fact, closing off its citizens from even using AI. The classic example is how England lost the Industrial Revolution and effectively outlawed automobiles, so the Industrial Revolution shifted to America. That one decision led to England’s subservient status in America.
The English politicians were bribed by the horse & buggy industry to pass the Locomotive Act (1865), which required self-propelled vehicles (automobiles) on public roads to be preceded by a man on foot waving a red flag and blowing a horn. The legislation succeeded in shifting the Industrial Revolution to Germany and America. The status quo bribed the politicians fighting against this wave of Creative Destruction. The English Parliament finally removed the need for the red flag in 1878 and abolished the law entirely in 1896.
The Hedge Fund Industry was created by overregulation. In 1985, I warned Congress that unless they merged the SEC and Commodity Futures Trading Commission, they would force serious fund management offshore, which became the hedge fund industry. They would not merge the two agencies, so managing funds for an American became impossible. I was offered to manage $60 billion domestically and declined. Why? Because by law, the maximum I could hedge if I thought the stock market would decline was 17% using futures. If I used more than the equivalent of 17%, I would not be an equity fund regulated by the SEC but a futures fund under the CFTC. If you obey the laws of one, you go to jail under the other. Hence, you had to go offshore. For an American to invest in a hedge fund offshore, they must create a corporation outside the USA and that invests – not an American citizen. Then the IRS snoops around.
Domestically, there are countless funds that are all specialized. It became your burden to understand if you should be in bonds, stocks, real estate, or commodities. Each fund will naturally tell you they are the best. As a hedge fund manager, clients came to me, and I made that decision, which I could not do in a domestic fund because of all the regulations.
With some of the suggestions already being mentioned in the EU, the drastic overregulation will more likely than not mean AI can never be developed in Europe, and we may be looking at the same outcome as England’s Red Flag legislation of 1865.
In the US, the Constitution forbid Ex Post Facto Laws. They cannot put Socrates out of business by suddenly writing laws today that apply retroactively. While we have been working on this project to allow clients to interact with Socrates asking it questions and even minitoring your portfolio, that may become impossible in Europe.
The Global Market Watch was actually created for one of the top banks in the world. They wanted something that at a glance they could just look down and see what was highlighted instead of reading a 1,000 written reports daily.
The Republicans have blocked funding for Ukraine, demanding restraints on the unrelenting onslaught of illegal aliens. Chuck Schumer has put out the propaganda that will risk everything the world has worked for since World War II. The Democrats are on board with the Neocons. The only way they can continue this insane agenda as we watch the world rising up and turning against the left in Argentina, Brazil, and Germany as the Greens collapse to 7% approval ratings, even in Alberta, Canada, invoking the Sovereignty Act against Trudeau, they know their days are numbered. Trump is 47 points ahead of all Republicans, and if the election were today without illegal aliens voting, he would wipe the floor clean in Washington.
That said, the Democrats are desperate. Schummer astonishingly lied to the world, which promotes World War III, claiming that the Republicans daring to block funding for Ukraine and Israel means we are just a step away from letting Vladimir Putin “walk right through Ukraine and right through Europe.” Not only is Russia not interested in invading Europe. Communism fell, and they REFUSE to acknowledge that fact. The people overthrew Communism and have no intention of going back. They demonize Putin as propaganda for their agenda, as they have done to Trump, Saddam Hussein, Muammar al-Gaddafi, and Bashar al-Assad. That’s a psychological tactic to get people to hate their opponents.
What Schummer is really saying is the Democrats are desperate for votes. In other words, under no condition will the Democrats close the border. They intend to grant these people citizenship by executive order so they can win in 2024.
“Republicans just blocked a very much needed proposal to send funding for Ukraine, funding for Israel, humanitarian aid for innocent civilians in Gaza, and funding for the Indo-Pacific,” Schumer said.“If there is a word for what we most need now, it is to be serious.”
They know the tide is turning. Their policies have reduced the living standards for everyone and increased crime. Just wait until we have terrorist attacks next year, thanks to the open borders. The 49-51 vote reflected this disconcerting trend within Congress that has become a source of distress for the Neocons and their puppets – the Democrats. When Russia first invaded Ukraine in February 2022, aiding Kyiv was a bipartisan project. In May of that year, a $40bn Ukraine aid package sailed through the House with a vote of 368-57 and the Senate with a vote of 86 -11.
Many ask me if I will attend the New York Annual Coin Show. The answer is NO WAY! The days of New York City are over. Wall Street is quietly moving to Miami. They tax everything, reform nothing, and the city is in its final stages of decline and fall, following the same path as the collapse of Rome, the city itself. They are swapping economic-producing people they overtax for the unskilled people who have flooded in for free food.
They will now impose a Congestion Tax using the excuse of cleaner air when they are just broke. What’s next? Taxing you for breathing out CO2 to prevent climate change? New York City just voted to slash funding for sanitation. So we get cleaner air and dirty streets? New York City is now a breeding ground overrun with rats, historically the source of plagues. The police budget is declining by $5.6 billion as well at a time when crime is through the roof and the city’s infrastructure is crumbling as busloads of illegals arrive daily. Sorry, last year, two coin dealers were robbed. If you buy anything there, you pay sales tax if you leave with it, so this is taxation without representation.
I prefer to stay clear of NYC. When Sshummer, Hochul, and AOC represent it, it is like a foreign country. Marxism has consumed politics in New York, and the people, with their politicians, refuse to open their eyes to see the decline and fall unfolding. NYC’s days are numbered. Just like Rome, when they opened the border during the reign of Valens, it took at best 6 years for the city to collapse. Representatives throughout the Thirteen Colonies met in New York City in 1765 to organize resistance to Crown policies. That was 258 years ago, and 3 x 8.6 = 25.8. NYC is doomed. The charges against Trump can be brought against any company in New York, whoever borrowed. They can now claim you overvalued your collateral to get the loan as if the Bank does not have its own appraisers. The hatred for Trump by Democrats in NYC reminds me of Herbert Hoover’s apology in his memoirs. They are desperate for money. They will take what they do to Trump and apply it to other companies for the big bucks. If you have property in NYC – it’s time to sell. You are better off just renting if you cannot leave.
An amazing and long-awaited interview between Tucker Carlson and Alex Jones, the second most targeted and deplatformed American citizen; with the first being Donald J Trump. {Direct Rumble Link} Well worth watching the full 90 minutes.
TIMESTAMPS: 2:46 Alex Jones predictions, 15:07 Deplatforming, 21:59 Dividing us on race, 25:37 The border, 28:09 Austin, 32:12 New World Order, 42:09 Brian Stelter demon video, 50:57 Depopulation, 1:07:51 Food, 1:13:51 Whiskey, 1:16:22 Presidential election. WATCH:
The Senate has prevented the US government from sending billions to aid foreign wars in a 49-51 vote. Republicans demanded that protections for the US border be implemented in the latest $111 billion spending package. The nation is spending billions on the illegals entering the country and those requesting a secure border are asking for a fraction of what the Biden Administration sent to Ukraine alone. Biden is now threatening to send American troops to Ukraine if he cannot send a blank check.
Biden continued with the claim that Putin wants to build the Russian empire and will not stop at Ukraine. “We’ll have something that we don’t seek and that we don’t have today: American troops fighting Russian troops,” Biden declared. Now some say Biden was merely stating that America would be forced to act if Russia attacked a NATO nation. The truth of the matter is that Biden is threatening to kill American men and women if he does not secure funding. National Security spokesperson John Kirby reiterated Biden’s threats. “America will not only spend money, but also shed its own blood,” he claimed. “If you think the cost of supporting Ukraine is high now just imagine how much higher it’s going to be not just in National Treasure but in American blood if he [Putin] starts going after one of our NATO allies… we [will] take our Article 5 commitments very seriously,” said Kirby.
Senator Bernie Sanders actually sided with the GOP over this issue as he did not want to send Israel “no-strings-attached money.” Sanders believes Netanyahu is a far-right extremist but does not believe the war can simply end. Rather, he does not believe America should focus on funding foreign wars at this time. “The problem with saying it is, it is not going to happen, because in Hamas, you have a corrupt terrorist organization that has stated before the attack on October 7, and after the attack on October 7, that their goal is to destroy Israel and engage in perpetual warfare,” Sanders continued. “To simply say ‘cease-fire,’ in my view, would be to provide false hope to anybody. I don’t know how you have a cease-fire with a group who says we don’t want a cease-fire.”
As for the Biden Administration, the situation at the US-Mexico border has never been worse. Americans want American taxes to go toward securing our own border and we deserve to have representation.
The Metropolitan Transportation Authority (MTA) believes that taxation could decrease traffic congestion in New York. Vehicles will be charged an additional $15 daily to enter Manhattan from 60th Street or below, while trucks will face a fine between $24 and $36. New York Gov. Kathy Hochul strongly backs the measure as she believes it will help to clean up New York.
“Congestion pricing means cleaner air, better transit and less gridlock on New York City’s streets and today’s vote by the MTA Board is a critical step forward,” Hochul commented. As a reminder, New York City just voted to slash funding for sanitation. It is not an exaggeration to say that the city is overrun with rats. The police budget is declining by $5.6 billion as well at a time when crime is through the roof and the city’s infrastructure is crumbling as busloads of illegals arrive daily.
Do they want to utterly kill the leisure and hospitality industry? As a previous resident of New Jersey, I saw the tolls into New York rise over the years. It now costs a good $20 in tolls simply to cross into the state, and parking fees in the city are some of the highest in the nation. Now you have to factor in an added daily congestion fee and it will cost the average person a good amount simply to enter Manhattan.
Obviously they want people to rely on public transportation as the coming 15-minute cities will not require personal vehicles. Taxis will charge passengers an extra $1.25 to meet the toll while Uber and Lyft plan to implement a $2.50 fee. People earning under $50,000 annually can apply for a discounted rate only after their first 10 trips per month.
They’re banning coal and wood ovens so there will soon be no reason to stop in the city for a slice of pizza or world famous cuisine. Former grand hotels are now migrant camps and thousands of undocumented military aged men are scattering the streets. Crime is rising and Soros-backed DAs won’t allow criminals to be prosecuted. The people of New York will never see the money derived from this new tax. Yet another reason why I will never return to NYC.
Inside the construct of the National Defense Authorization Act (NDAA), Congress has agreed to extend the current FISA-702 authorization through April 19. 2024. Why April 19th? I believe, based on DOJ/FBI history, there is a very nefarious intent. I’ll explain.
First the report of the FISA-702 extension.
WASHINGTON – Congress is preparing to extend its deadline for untangling a complicated fight over warrantless government surveillance – which will mean yet another headache for House GOP leaders.
Top lawmakers are attaching a short-term extension of the government wiretapping power known as Section 702 to a sweeping defense policy bill, according to seven aides and lawmakers familiar with the text of the bill.
The extension would give Congress until April 19 to figure out how to reauthorize Section 702, named for its specific section of the Foreign Intelligence Surveillance Act. The provision is meant to target foreigners abroad but has long stoked controversy for its ability to sweep in Americans.
Whether to attach a surveillance powers extension was one of the final sticking points on the defense bill, whose text is now finalized and expected to be released later Wednesday. Both the House and Senate still need to pass the defense bill, and there is bipartisan backlash already brewing over the decision to attach a surveillance extension.
Conservatives privately urged Speaker Mike Johnson to separate the two issues. His decision not to do so promises to complicate a final vote on the defense bill, a typically must-pass proposal that could come to the House floor as soon as next week. (read more)
FISA-702 surveillance was the legal mechanism by which the 2016 campaign of Donald Trump was placed under surveillance. The primary target of the FISA warrant was Carter Page; however, everyone within two contact points (2 hops) of Carter Page was also under full Title-1 surveillance. Essentially, the entire campaign and later administration of President Donald Trump fell under full electronic and physical surveillance.
Phone calls, text messages, emails and all electronic communication was intercepted by the DOJ. Robert Mueller extended the surveillance with a June 29, 2017, renewal. The FISA-702 authorities served as the legal mechanism that permitted the DOJ/FBI to intercept all communication and monitor everything from every position inside the administration of President Trump.
The 702 authorities were weaponized as warrantless searches by the DOJ against their political enemies. The FISA Court has published several years’ worth of reports showing how the “incidental collection” was not incidentally used. The abuses of the system have only grown every year since the DOJ National Security Division first started using them as a weaponized process to conduct warrantless surveillance on Americans.
Six years after this issue first surfaced, Office of Inspector General Michael Horowitz testified, April 27, 2023, that more than 3.4 million search queries into the NSA database took place between Dec. 1st, 2020 and Nov. 30th, 2021, by government officials and/or contractors working on behalf of the federal government. These search queries were based on authorizations related to the Foreign Intelligence Surveillance Act (FISA).
Approximately 30% of those 3.4 million search queries were outside the rules and regulations that govern warrantless searches – what the politically correct government calls “non-compliant searches.” That means during the year 2021, more than 1 million searches of private documents and communication of Americans were illegal and outside the rules.
Additionally, IG Horowitz admitted that somewhere north of 10,000 federal employees have access to conduct these searches of the NSA database; a database which contains the electronic data of every single American, including emails, text messages, social media posts, instant messages, direct messages, phone calls, geolocation identifiers, purchases by electronic funds, banking records and any keystroke any American person puts into any electronic device for any reason.
If we were in a functioning system of government, everything would have been stopped, and no other conversation would take place that was not about this issue. This was the total and complete surveillance state being talked about as if Congress was discussing what’s for dinner.
If the FISA-702 authorities are extended, this surveillance is what has been authorized to continue through April 19, 2024. House Judiciary Ranking Member, Democrat Jerry Nadler, organized the date for extension.
I believe we have struck the right balance here and perhaps the only balance that can pass the House at this time,” Rep. Jerry Nadler (D-N.Y.) said about the bill.
Why April 2024?
Quite simply, and brutally honestly if we apply prior precedent to the extension timing, what you realize is the primary election of 2024 takes place between January and April of 2024. If things go as predicted by most, Donald Trump will have likely secured enough delegates for the nomination by the end of April. The extension will give the surveillance apparatus the ability to conduct searches of information throughout this period.
On/around April 19, 2024, the GOP nominee will likely have locked down the nomination. The nominee is likely to be Donald Trump.
Beyond the extension motive, the previous counterintelligence investigation by the FBI never stopped. Crossfire Hurricane evolved into the Mueller special counsel investigation. The same investigative units from the FBI then transferred into the Jack Smith special counsel. There is no reason to believe a counterintelligence investigation does not underpin the legal authorities by which the current DOJ is keeping candidate Donald Trump under surveillance today.
Using the wording within the criminal indictment, the DOJ-NSD could -likely is- considering Donald Trump a national security threat. All indications from the Jack Smith prosecution point in this direction. There is no countervailing data that would suggest the DOJ is not considering Donald Trump a national security threat. As a result, it is very likely candidate Trump is once again under a FISA authorized Title-1 surveillance warrant….. and everyone within two hops of him would be under the same.
On/around April 19, 2024, if Trump is the presumptive GOP nominee, the FISA court might look at any renewal authorities differently. It’s one thing to have American citizen Donald Trump under title-1 surveillance, it is another thing entirely to have the opposing candidate to the current administration under legally authorized surveillance by the DOJ-NSD.
The end date of April 19, 2024, would align with a need to have more than reasonable suspicion to retain the surveillance. At least, that’s the way the FISC would likely look at it.
If Occam’s razor is applied to the current datapoints, the most likely scenario for the DOJ-NSD, FBI and Jack Smith special counsel investigative units, is that Donald Trump is currently under FISC authorized title-1 surveillance.
Retaining the 702 status quo through April allows the surveillance to fall upon anyone in his campaign orbit.
The DOJ’s position in 2024 would then simply be a repeat of the DOJ’s position in 2016.
Someone might want to talk to Donald Trump about this.
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