I love how half the super bowl ads were for AI and they effectively just showed either:
a. AI doing things it outright can't do in the context they use it for.
b. AI not actually being directly invovled, other than the implication the people in the ad doing things at some point maybe opened ChatGPT.
Hmmm interesting.
I figure the tokenized products are for people exchanging goods outside of the US but still in US dollars.
A.) some crazy alternative to SWIFT,
B.) some grift to try and collect usage fees on transactions between buyers and sellers of goods where the US is an active broker escrow of an exchange.
C.) a way to charge (punish) foreign holders of debt (say a European pension fund holding US bonds, or a life insurance company in Taiwan holding bonds).
These surmises are largely drawn from the crayon shoved in brain Miran and Hassett, and the lunatic writings of project 2025.
I agree with your assessment on metals.
Edit- I will add that these seem aspirational and terrible ideas. They are going to make the dollar weaker, which the administration says they want, but that will make Europeans for example dump equities because of the currency conversion and repatriate their capital. US Bond yields will rise because nobody wants these things, and exports for US gets cheaper for the rest of the world but foreign goods go up in price.
On the bright side… Europeans and many others will finally have to finalize many of the back end financial instruments and stand on their own as an economic system within the euro. There will be structures, services, and tools to be built in outside the US economies to move away from restrictive fiscal controls and bullying. There’s money to be made in constructing things in a stable government with stable policy.
Buying more Amazon at any price below 200
SoFI when it pulls back to 18
Hood on next pull back
Reddit on next pull back
And also buying Plan B for your mom