The US economy depends on an unsustainable stock market bubble driven by AI companies that are almost all losing money. Nvidia seems healthier, but serious red flags explain why its stock price is extremely volatile, and why its market capitalization dropped $600 billion in just one day. Ben Norton explains.
VIDEO: https://www.youtube.com/watch?v=JAZqYQBwWNY
Topics
0:00 AI bubble & Nvidia
2:40 Magnificent Seven (Mag7) Big Tech stocks
4:01 US GDP growth depends on AI capex
5:01 AI circular financing scheme
6:28 OpenAI is losing money, but owes $1.4 trillion
7:38 Nvidia profits rise in earnings report
9:27 US investor madness
12:04 China challenges Nvidia's chip monopoly
13:43 Crazy volatility in Nvidia stock
15:08 CEO Jensen Huang's private comments
17:11 $600 billion drop in one day
18:13 Four customers make up 61% of Nvidia revenue
20:25 IOUs: Nvidia's accounts receivable rises
21:43 GPU demand? Nvidia inventories surge
22:37 S&P 500 falls $2 trillion in 5 hours
24:12 US economy built on financial house of cards
26:13 Markets can remain irrational...
27:01 Dangers of a recession or depression
28:13 Outro
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The US economy depends on an unsustainable stock market bubble driven by AI companies that are almost all losing money. Nvidia seems healthier, but serious red flags explain why its stock price is extremely volatile, and why its market capitalization dropped $600 billion in just one day. Ben Norton explains.
VIDEO: https://www.youtube.com/watch?v=JAZqYQBwWNY
Topics
0:00 AI bubble & Nvidia
2:40 Magnificent Seven (Mag7) Big Tech stocks
4:01 US GDP growth depends on AI capex
5:01 AI circular financing scheme
6:28 OpenAI is losing money, but owes $1.4 trillion
7:38 Nvidia profits rise in earnings report
9:27 US investor madness
12:04 China challenges Nvidia's chip monopoly
13:43 Crazy volatility in Nvidia stock
15:08 CEO Jensen Huang's private comments
17:11 $600 billion drop in one day
18:13 Four customers make up 61% of Nvidia revenue
20:25 IOUs: Nvidia's accounts receivable rises
21:43 GPU demand? Nvidia inventories surge
22:37 S&P 500 falls $2 trillion in 5 hours
24:12 US economy built on financial house of cards
26:13 Markets can remain irrational...
27:01 Dangers of a recession or depression
28:13 Outro
World leaders rebel against US & Israel: to save Gaza, they demand international intervention
Geopolitical Economy Report
42 minutes 39 seconds
1 month ago
World leaders rebel against US & Israel: to save Gaza, they demand international intervention
Leaders from dozens of countries condemned the USA and Israel in their speeches at the UN General Assembly, demanding international intervention to save Gaza. Diplomats staged a mass walkout to protest Netanyahu's speech. Ben Norton shows how Latin American governments are standing in solidarity with Palestine, and resisting US imperialism.
VIDEO: https://www.youtube.com/watch?v=mik74Pri9bY
Topics
0:00 Countries condemn US & Israel
0:45 (CLIPS) World leaders support Gaza
1:54 UN diplomats protest Netanyahu in walkout
3:33 USA abuses veto at UN
4:49 Perspectives of non-Western countries
6:13 Latin America resists US imperialism
6:59 (CLIP) Cuba supports Palestine
8:03 USA vetos UN Gaza resolutions
9:02 (CLIP) Brazil's Lula on Gaza
9:30 Colombia demands action on Gaza
10:43 (CLIP) Colombian President Gustavo Petro
13:38 Nicaragua's Sandinista government
14:00 (CLIP) Nicaragua supports Palestine
14:33 (CLIP) Venezuela supports Palestine
14:58 US fascism
15:20 (CLIP) Petro: USA is new Nazi Germany
16:01 US revokes Petro's visa
17:02 Venezuela compares US to Nazi Germany
17:48 (CLIP) Venezuela warns of new Nazis
18:32 Western colonialism
18:56 (CLIP) Nicaragua: West looted our wealth
19:42 Decline of US unipolar order
20:09 (CLIP) Cuba on US imperialism
20:49 Wall Street debt traps
21:18 (CLIP) Debt as neocolonialism
21:31 Debt for climate swaps
22:38 (CLIP) Gustavo Petro on climate debt
23:17 Trump denies climate science
23:47 (CLIP) US politicians "don't believe in science"
24:00 Trump's attacks on Venezuela
24:40 (CLIP) History of US war on Venezuela
26:22 (CLIP) USA wants Venezuela's oil
26:45 Trump's WMD lies about Venezuela
27:54 (CLIP) Venezuela condemns US wars
28:43 Illegal US attacks on Venezuela
29:06 (CLIP) Cuba on threat of US war
30:07 (CLIP) Colonial Monroe Doctrine
30:40 (CLIP) Nicaragua denounces neocolonialism
31:56 Need for UN reform
33:22 (CLIP) UN members "no longer have power"
33:37 USA fuels war
34:02 (CLIP) Honduras on need for global reform
35:58 UN's colonial structure
36:40 (CLIP) Need for new international order
38:19 Multipolarity vs US unipolarity
40:38 (CLIP) Cuba's vision for a new world
41:17 (CLIP) Venezuela's vision for a new world
41:47 Voices silenced by Western media
42:25 Outro
Geopolitical Economy Report
The US economy depends on an unsustainable stock market bubble driven by AI companies that are almost all losing money. Nvidia seems healthier, but serious red flags explain why its stock price is extremely volatile, and why its market capitalization dropped $600 billion in just one day. Ben Norton explains.
VIDEO: https://www.youtube.com/watch?v=JAZqYQBwWNY
Topics
0:00 AI bubble & Nvidia
2:40 Magnificent Seven (Mag7) Big Tech stocks
4:01 US GDP growth depends on AI capex
5:01 AI circular financing scheme
6:28 OpenAI is losing money, but owes $1.4 trillion
7:38 Nvidia profits rise in earnings report
9:27 US investor madness
12:04 China challenges Nvidia's chip monopoly
13:43 Crazy volatility in Nvidia stock
15:08 CEO Jensen Huang's private comments
17:11 $600 billion drop in one day
18:13 Four customers make up 61% of Nvidia revenue
20:25 IOUs: Nvidia's accounts receivable rises
21:43 GPU demand? Nvidia inventories surge
22:37 S&P 500 falls $2 trillion in 5 hours
24:12 US economy built on financial house of cards
26:13 Markets can remain irrational...
27:01 Dangers of a recession or depression
28:13 Outro
