The AI Bubble in View of the End Times :: By Todd Strandberg

We have had artificial intelligence (AI) software for several decades. What is new about this technology is that computers can now create text, images, and videos that previously could only be the product of the human mind.

I’ve had a few conversations with AI on the site Poe.com. It quickly became clear that I was communicating with a machine. When I asked AI to explain its own popularity, I received a long-winded technological answer. I then asked for a more basic summary and got this:

“AI algorithms and models have become more accurate in tasks such as image recognition, language translation, and voice recognition. This means that AI systems are better at understanding and interpreting data.”

AI can compile data in a fraction of a second, but it often lacks common sense. In the first week of February, I found an article on Yahoo News about all the celebrities who died in 2024. There were eight of them. Normally, these types of write-ups are only written in late November or December. AI decides that it has enough dead people to write an average-length news story.

Wall Street has become very impressed by AI stocks. Many of them have seen massive increases in their valuation.

Stock bubbles are a regular occurrence on Wall Street. We recently had a group of pot stocks that reached cosmic levels and then crashed back down to earth. The market capitalization for the top cannabis companies in the U.S. currently ranges from $820 million to $4.04 billion dollars.

When Tilray Brands went public, its stock was worth $100 billion. Its present net value is at $3.4 billion. Canopy Growth Corporation once traded at $535 per share; it now trades at $3. Aurora Cannabis peaked at $115, and it now sells at 38 cents.

I could not find a single cannabis company that is making any money. Because of high state taxes, it’s much cheaper to buy pot that was smuggled in from Mexico.

The collapse of the cannabis stocks was a modest-scale occurrence, so their downfall had no real impact on the general economy. A crash in AI stocks would be a major event. Over the past three years, around $10 trillion has been added to stock valuations based on AI hype.

Microsoft is a company that is into many business fields. When it said it was working on AI, its stock went from $1 to $3 trillion. The king daddy of AI stocks is Nvidia. It has gone from a few billion dollars to nearly $2 trillion. The chip company ARM simply said it has a working relationship with Nvidia, and its stock doubled in three trading days. ARM has an insane 1,600 price-to-earnings ratio.

The leader in AI software is the privately held company OpenAI, which created the popular program ChatGDP. The CEO of the firm Sam Altman has lofty goals of building an empire worth $5 to $7 trillion. According to SEC filings, OpenAI has a current valuation of $80 billion based on the sale of holdings by insiders. Once it becomes a public company, speculators can bid up the stock price to the moon.

Because chip and software firms often go through feast and famine cycles, it is incredibly unwise to bid any of these stocks up to such nose-bleed levels. There is no certainty that AI is going to be a cash cow for earnings.

At the peak of the Dot-com bubble, Cisco Systems was worth $500 billion because it was making huge profits on corporations buying its routers to join the internet craze. Once everyone had the equipment to host their own domain, Cisco’s sales went into a sharp decline. Over two decades later, the company is only worth half of its 2000 high.

Intel is the largest chip maker in the world. Because it was late to the AI game, it only has a valuation of $183 billion. When Tesla reached the point where it was worth more than all other car makers on the planet, I was not surprised by the recent stock price correction. Since Intel’s net sales are greater than all AI stocks combined, the general rule of financial gravity calls for a similar price correction.

The government gets a huge amount of money from the sale of stock. If someone sells shares worth $10 million, at least $3 million will go to pay capital gains. If a stock market meltdown was to take place, the federal deficit would explode.

If we were living in normal financial times, it would be logical for me to predict that the AI bubble will go the way of all other major bubbles. Because Jesus said that the days before the rapture would be a time of tranquility, we’ve struck several monetary landmines with no impact. Since my only focus is on something that would trigger the rapture, I welcome an AI bubble that reaches $20, $40, or $60 trillion.

“But as the days of Noah were, so shall also the coming of the Son of man be. For as in the days that were before the flood they were eating and drinking, marrying and giving in marriage, until the day that Noe entered into the ark, And knew not until the flood came, and took them all away; so shall also the coming of the Son of man be” (Matthew 24:37-39).

 

A Legal System That Is Rigged from Top to Bottom :: By Todd Strandberg

The U.S. justice system has become politicized to the point where people on the right are not getting fair treatment under the law. Today, instead of saying, “I’m guilty as charged,” you have the option of saying, “I always vote Republican.”

The prosecutions of Roger Stone, Paul Manafort, Mike Flynn, Sydney Powell, and other Trump associates were all politically motivated. Peter Navarro was convicted of contempt of Congress because he ignored a subpoena. Presidential offspring Hunter Biden and Former Attorney General Eric Holder did this as well with no reaction from the Department of Justice.

Douglass Mackey was sentenced last year to 7 months in prison for his role in a scheme to trick voters in the 2016 election for the Office of the President of the United States. Between September 2016 and November 2016, Mackey “conspired” to use social media platforms, including Twitter, to disseminate messages encouraging supporters of presidential candidate Hillary Clinton to “vote” via text message or social media, which was legally invalid.

Because no one can vote for president without showing their ID, common sense should be the rule. This guy’s actions should have only been seen as comedy. The government acted like he helped organize the Lincoln assassination. Anyone who followed Mackey’s advice probably should not be voting.

Former legal advisor to Trump, Rudy Giuliani, has been convicted of defaming two Black Georgia precinct workers. The two were awarded nearly $150 million in damages. Attorneys for Ruby Freeman and Shaye Moss had urged the jury to award the women $24 million apiece.

The jury was given an outline that called for triple the amount. Since Giuliani is likely only worth $10 million, the judge should have added a few zeros to make it $150 trillion. Normally, judges are required to step in and set dollar amounts at reasonable levels. When you are dealing with an aide to the most evil man who ever lived, the current award against Giuliani is chump change.

The press noted that the jury was fairly balanced: two white men, three white women, two Black women, and a Black man. Because leftist voters have 90% control over the Washington, D.C. area, Giuliani had zero chance of receiving a fair ruling.

A recent damage award against Donald Trump in a sexual abuse lawsuit was smaller, but the $83 million award to writer E. Jean Carroll was craziness on a thousand-fold scale.

She accused Trump of having sexually assaulted her in the mid-1990s at a Bergdorf Goodman department store dressing room in Manhattan. While the alleged attack happened decades ago, Carroll sued under New York’s Adult Survivors Act, which allows victims to sue for civil damages beyond the statute of limitations.

The Adult Survivors Act was written by New York lawmakers to allow Carroll to go after Trump. The jury did not rule that Trump assaulted her. Trump was fined $5 million for looking guilty. Since anything goes with Trump, Carroll came back with a defamation lawsuit that increased the amount to $83 million.

Notably, the judge in the case forbade Trump or his attorneys from arguing that he didn’t sexually assault Carroll. The judge refused to allow email evidence that could have helped Trump’s case.

He also said to the jury, “My advice to you is that you never disclose that you were on this jury.” When you are part of something that operates like a Soviet-style kangaroo court, you may want to remain anonymous.

The Fox News Channel is a satellite news television channel that was founded by media mogul Rupert Murdoch in 1996. The network found itself facing a defamation lawsuit because it promoted the idea that the 2020 race was stolen with rigged voting machines. Fox News surrendered without even attempting a defense.

Murdoch fired Tucker Carlson and decided to settle the $787.5 million case that Dominion Voting Systems had brought against the network. He knew that the court system would rule against him regardless of the evidence.

The January 6 attack on the Capitol has resulted in the largest investigation in FBI history. Thousands of agents have been going over footage with a microscope to find people who were anywhere near the Capitol on that fateful day. It is ridiculous for the FBI to be targeting protesters who generally had no idea what they were seeking to accomplish.

Joseph Biggs is an American veteran, media personality, organizer of the Proud Boys, and now a convicted felon for his participation in the attack. He was given a 17-year prison sentence because he is the head of an “extremist group.” Oath Keepers founder Stewart Rhodes was found guilty of a “seditious conspiracy” and sentenced to 18 years in prison. Assistant U.S. Attorney Jason McCullough argued for jail time because their goal was to “intimidate and terrify” people. Being scary was “no different than the act of… bombing of a building,” said McCullough.

If the tyrant Joseph Stalin thought you were guilty of some crime, his court system would find the evidence to sentence you to death. Most Soviet citizens on trial would eventually confess to their crimes. It would only take a few days of torture to jog people’s memory.

It is very dangerous for the left to be allowed to run roughshod over their political enemies. The Bible says that Christians, in general, will face severe persecution by global governments.

We generally have it good right now. The day will quickly come when hatred from this demonic cabal will be so bad that all believers will need to conceal their faith. The rapture is the only real hope to be saved from this mess.

“Blessed are ye, when men shall hate you, and when they shall separate you from their company, and shall reproach you, and cast out your name as evil, for the Son of man’s sake” (Luke 6:22).