Making Money Minute with Ron Hiebert - America’s Fix Won’t Be Easy
America has been in a stupor the last twenty years. They have allowed themselves to get to a point strategically, where they have to import 90% of their uranium and almost the same percentage of rare earth minerals. They run massive trade and budget deficits which require foreigners to use their surplus dollars to buy huge amounts of government debt to make it work. Their pension system will run out of funds in less than seven years. To fix this mess will take time and require pain and financial sacrifice from everyone. A reality, that the American voter, is in complete denial.
All content for Making Money Minute with Ron Hiebert is the property of Ron Hiebert and is served directly from their servers
with no modification, redirects, or rehosting. The podcast is not affiliated with or endorsed by Podjoint in any way.
Making Money Minute with Ron Hiebert - America’s Fix Won’t Be Easy
America has been in a stupor the last twenty years. They have allowed themselves to get to a point strategically, where they have to import 90% of their uranium and almost the same percentage of rare earth minerals. They run massive trade and budget deficits which require foreigners to use their surplus dollars to buy huge amounts of government debt to make it work. Their pension system will run out of funds in less than seven years. To fix this mess will take time and require pain and financial sacrifice from everyone. A reality, that the American voter, is in complete denial.
Making Money Minute with Ron Hiebert - AI’s Circular Money
People are wondering where the profits will come from to justify the trillions being spent on AI infrastructure. Of the 100’s of millions of people who use AI, only 3% are paying customers. Right now lots of money is pouring in. ChatGPT is buying billions of dollars worth of servers from Oracle, who are buying billions of dollars worth of computer chips from Nvidia. How is ChatGPT paying for all this. From a 100 billion dollar investment from Nvidia of course. There are plenty of these circular deals moving money around the industry, but virtually no discussion of how any of this will generate enough profit to pay for it.
Making Money Minute with Ron Hiebert
Making Money Minute with Ron Hiebert - America’s Fix Won’t Be Easy
America has been in a stupor the last twenty years. They have allowed themselves to get to a point strategically, where they have to import 90% of their uranium and almost the same percentage of rare earth minerals. They run massive trade and budget deficits which require foreigners to use their surplus dollars to buy huge amounts of government debt to make it work. Their pension system will run out of funds in less than seven years. To fix this mess will take time and require pain and financial sacrifice from everyone. A reality, that the American voter, is in complete denial.
