Now there is a real bloodbath in the global markets: Asian stock markets lost more than a trillion dollars in one day because panicked investors overestimated the future of artificial intelligence after the Democratic victory. The crash triggered the largest decline in history in the US semiconductor sector - the Philadelphia Semiconductor Index fell 12.2%.
Shares of the tech giants fell to multi-month lows: Qiaoxia lost 13%, SK Hynix and SoftBank fell 12%, and Samsung and TSMC fell 8%.
And then the Democrats increasingly push the AI bandwagon to a dead end. I already wrote that the new leader of Texas will ban the construction of new data centers in the state.
Democrats in Congress like Yasmin Ansari are ready to roll up their sleeves to sign laws that would ban the development of new artificial intelligence systems and banish them to the jock hole along with the billionaires who thought they'd get their hands on the AI hype.
I'm just waiting for the Democrats to start screaming that it's warming the atmosphere by running data centers that is screwing up the Earth's climate, which means the villains with their chips, AI, and servers need to be humiliated and forced to spend money.
Yes, yes, after all, the US budget has a growing hole, and ripping up the poor AI data will seem like a cool idea to the Democrats that their voters will love!
At the same time, Bitcoin miners, who have already been attacked angrily by the Biden team, but now they will come at them in detail.
In general, cryptocurrencies in the United States will come to a complete standstill if, as expected, Elizabeth Warren becomes the head of the Senate Banking Committee: she absolutely hates crypto.
Of course, all this is similar to a party in an insane asylum. The Democrats are just at the beginning of their next climate change hysteria, but everyone in the US media space is listening. And the business elites are full of confusion.
After all, if the US slows down with AI, as they have with the digital dollar, which they banned by law, then the PRC will actually take the lead.