by George Gilder and Richard Vigilante
09/25/2024 | | | SPONSORED CONTENT The Fed Just Cut Rates-Here's Alex Green's $1 Million AI Stock Picks With the Fed cutting rates, Alex Green says the time is now to invest in his "Next Magnificent Seven" - AI stocks he believes could turn $7,000 into $1 million in just 6 years.
Watch Alex Green's breakdown and discover the next big AI winners! | | | If you want to watch a conservative jump, just say "China" and "national security."
Unsurprising was the lack of reaction on the right side of the political spectrum to Biden's proposal to outright ban the importation of any automobile incorporating bits made in China or Russia.
We made a quick survey of conservative social media and found almost no coverage of the story. What little coverage we did find conceded the administration's premise that such imports are spies on wheels and could destroy America via traffic jam.
The proposal came through Commerce Department Secretary Gina Raimondo, who insisted that it has nothing to do with protectionism. It's all about the inscrutable ones:
"Cars today have cameras, microphones, GPS tracking and other technologies connected to the internet," Raimondo explained. "It doesn't take much imagination to understand how a foreign adversary with access to this information could pose a serious risk to both our national security and the privacy of U.S. citizens .... In an extreme situation, foreign adversaries could shut down or take control of all their vehicles operating in the United States all at the same time. ... This is not about trade or economic advantage .... This is a strictly national security action."
Perfect. The national security claim disables any GOP criticism of the administration position. Raise the prospect of Chinese spies hiding under every spare tire and conservatives are struck dumb. | | Have You Seen This $11 Trillion 'Tech Strip?' While many folks today are wondering what to do with their money… a revolutionary "sheet" of new technology has quietly sparked an $11 trillion tech revolution.
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Click here to see how anyone can profit fast. | | | The one mention we saw in conservative media was from the generally excellent "Hot Air," by the normally perspicacious John Sexton. Try as he could to criticize Raimondo's move, he quickly conceded the crucial point: "The Chinese connected cars probably do represent a national security threat." Grant that and all GOP protests are reduced to the lamest claim of all: they're doing it for political reasons, in this case to shore up Michigan for Harris. Predictably, Mr. Sexton is reduced to complaining "this looks like it's part of a White House PR push that is all about helping Harris win the election."
That never works. Doing stuff voters want to get their votes is just what voters hope, often in vain, politicians will do.
Pol: "Vote for me and I'll give you anything you want."
Voter: "Nah, I don't really need anything."
Right.
Okay, for all the good that it will do, here's the grim truth: the notion that the Chinese would spend billions and endanger their auto exports by sneaking in little bits of spyware is implausible--because it is unnecessary.
Secretary Raimondo herself inadvertently made the point in her announcement. The key line was "Cars have ... technologies connected to the internet." Say "internet" and it's all over. There are no secure public networks and there are, effectively, no private networks. Anything online is open to hackers with sufficient resources. Having every bit of hardware or software in every car in America examined by the National Security Agency, the CIA, the FBI, the Mossad, and the Vatican won't help if the car is hooked into the internet. | | Where are the record-setting stocks going? Wondering if you should be bullish or bearish on Nvidia for the remainder of the week?
Don't worry about "buying the news" or getting scared into selling when the A.I. can guide your way.
In other words, be rational.
The same A.I. that predicted the banking crisis, housing market crash and Covid crash recently forecasted 2 massively bullish moves for Nvidia.
Join me LIVE to learn how we're trading this ticker and 3 more with this A.I. forecast. | | | Just last year, the U.S. Navy had to publicly admit its network had been penetrated, by a "sophisticated Chinese state-backed hacking group" that "had successfully exploited a vulnerability in a popular cybersecurity suite."
The hack was discovered not by the Navy or any U.S. counterintelligence group but by Microsoft, which passed along the news to Secretary of the Navy Carlos Del Toro. Freely translated, his response came down to, 'well, this happens a lot.'
It is possible to build an inherently secure internet via blockchain-based distributed security. The United States has not pushed for this because such a net could not be hacked even by the U.S. government. Instead, the U.S. government supports an internet that can be hacked by anyone and pretends to solve the problem by waging a trade war that has already done grave damage to U.S. technology competitiveness.
Roll over Republicans, and just give it up to the Blues.
P.S. COSM Technology Summit, October 31-November 1, Bellevue Hyatt, Seattle, Washington: This conference is sponsored by the Discovery Institute and me. I'll be one of the speakers and will address the latest technology trends, including the rapid rollout of artificial intelligence and the huge opportunities that will be provided by graphene. To register, go to https://cosm.tech/. Use Promotion Code EAGLE-GG to save $200.
Sincerely,
George Gilder, Richard Vigilante, Steve Waite, and John Schroeter
Editors, Gilder's Guideposts, Technology Report, Technology Report Pro, Moonshots, and Private Reserve | | About George Gilder:
 George Gilder is the most knowledgeable man in America when it comes to the future of technology and its impact on our lives. He’s an established investor, bestselling author, and economist with an uncanny ability to foresee how new breakthroughs will play out, years in advance. George and his team are the editors of Gilder Technology Report, Gilder Technology Report Pro, Moonshots and Private Reserve. | | | | | |
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