Just How BIG Is This Bubble?
The stock market seems capable of anything these days and it has certainly made many people very wealthy. However, it's hard to ignore all of the warning signs that are appearing as of late. Just one of which being The Great Cashout
Bank account 'disappeared from the app'
AI software has been blamed for a variety of errors lately. In fact, one Canadian airline tried to deny responsibility for their own AI software's behavior claiming it was its own legal entity, over which they had no control. Is this story a case of overzealous but innocent fraud detection software or is it a testing ground for locking depositors - who spend in ways contrary to social standards - out of accounts? Will this be the new way banks and governments deny citizens access to their own money? You be the judge.
'What happens in Venezuela, not New York'
As our long term readers know, we have been warning about the government's secret war on your cash for years. Lately, that war is not so secret. The government would love to be able to track every dime you spend; and be able to shut off your access to your money if they decide you are not spending it how they want you to.