Biden’s SEC Chief Warns AI Technology Could Trigger Financial Collapse

Democrat President Joe Biden’s Securities and Exchange Commission (SEC) Chairman Gary Gensler has issued a grim, dystopian warning about artificial intelligence (AI).

Gensler has warned that he fears AI technology could trigger global financial collapse.

The SEC chair said during an interview with the New York Times that AI will play a major role in upcoming financial crises, the outlet reported Monday.

As a few dominant AI models emerge in the United States, masses of Americans could make the same financial decisions due to receiving identical information from them, Gensler told the NYT.

As a result, Gensler warned about the significance of “herding” when it comes to AI-related financial crises in the future.

“This technology will be the center of future crises, future financial crises,” he told the NYT.

“It has to do with this powerful set of economics around scale and networks.”

AI models may seek to benefit companies and financial advisers over investors, which is a potential issue, Gensler explained, according to the NYT.

The warning from Gensler comes amid a rush to develop AI technology.

Globalists have been hailing AI as a way to replace humans in many aspects of society.

The World Economic Forum (WEF) recently laid out the globalist organization’s vision for humanity to be soon “dominated” by “emotionless” AI, as Slay News reported.

Yuval Noah Harari, the senior advisor to the WEF and chair Klaus Schwab’s right-hand man, pushed a plan for politicians around the world to be replaced with “non-organic entities” and “emotionless algorithms.”

Speaking during an interview, Harari declared that Earth will become increasingly populated “or even dominated” by entities that are not organic in the coming years.

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He suggested that these entities will have no use for a higher power because they will in effect replace God, in his view.

“They don’t breathe; they don’t have emotions,” Harari said excitedly while explaining why these AI overlords would be Godless.

“The potential of AI is much, much bigger than any historical revolution – it’s really a biological revolution,” he went on to state.

While acknowledging that, up until now, all life is organic, Harari insists that AI-driven “inorganic lifeforms” will soon dominate the planet.

“This is at least an idea of inorganic lifeforms.

“That’s the biggest thing that’s happened on Earth in over four billion years.”

As Slay News reported last year, Harari announced that the WEF and its allies had created a “technological Noah’s Ark.”

He gloated that the plan will help globalist elites escape a looming mass extinction event.

And more recently, while giving a talk on the “future of humanity,” Harari called for the Bible to be rewritten by artificial intelligence, as Slay News reported.

The WEF argues that using AI to replace scriptures will create unified “religions that are actually correct.”

According to Harari, the power of AI can be harnessed and used to reshape spirituality into the WEF’s globalist vision of “equity” and inclusivism.

READ MORE: WEF Calls for AI to Rewrite Bible, Create ‘Religions That Are Actually Correct’

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By Frank Bergman

Frank Bergman is a political/economic journalist living on the east coast. Aside from news reporting, Bergman also conducts interviews with researchers and material experts and investigates influential individuals and organizations in the sociopolitical world.

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