America financed AI with debt its buyers cannot service and chips it can switch off, so Europe should run open-weight models under European law.
America financed AI with debt its buyers cannot service and chips it can switch off, so Europe should run open-weight models under European law.
Scott Ortkiese traces how cheaper AI, fixed payment obligations, and tightening credit transmit losses to lenders, jobs, and taxpayers in his forecast.
Bond losses and private-credit contraction will expose AI’s funding gaps, trigger payment demands, and send losses back through banks and insurers.
Concentrated wealth turns campaign finance, tax privileges, and private access into congressional power, burdening wage earners and weakening democracy.
Trump hosts Xi on September 24 with the AI executives as scenery, and the polling behind the growth claim is the worst ever recorded for any president.
The five largest American cloud companies will spend $770bn in 2026 on equipment with a 3 year life, serving a $64bn market, against a $40tn national debt.
Treasury drafted a voluntary AI safety rule, Zuckerberg, Musk, and Sacks killed it by phone, and two Oval Office signing ceremonies were called off.
Trump has announced four dividends. Two were never paid, one came out of soldiers’ housing money, and the $5,000 is payable only if he wins on November 3.
The New York Fed found American buyers paid about 90% of Trump’s 2025 tariffs. Four months later Scott Bessent told Congress the price effect was negligible.
Trump’s Russia sanction never stopped the gas. It stopped a Korean shipyard from getting paid, and Arctic LNG 2 is now suing Hanwha Ocean for $1.02 billion.