This is FOR THE RECORD post: I did notice that Easter Week, formerly considered Holy Week is now buried by "paying YOUR TAXES" blizzard of ads on all channels; the internet is filled with all kinds of Crypto and other financial guidance.. so called.. and a couple clicks later.. we see AH HA..
https://finance.yahoo.com/markets/crypto/articles/white-house-weighs-stablecoin-policy-084425219.html?fr=yhssrp_catchall LIKE THAT IS GOING ON HERE.. NO KIDDING.
https://www.coinspeaker.com/guides/next-crypto-to-explode/ NOTE THIS BIG DISCLAIMER
"Cryptocurrencies are considered high-risk investments. This article
serves for informational purposes only. It should not be perceived as
financial advice. By reading our website, you acknowledge and accept our
terms and conditions. Our content may include affiliate links through
which we may earn a commission." .. got it.. and also I am going to DELETE CO PILOT AND ANY FORM OF "A.I on my computer.. speaking of that..
then I get a letter from a JIM BANKS,, apparently a GOP who has "co signed a letter w/ POCAHONTAS.. aka Elizabeth WARREN.. no kidding..
I can't load it as a PDF or dox so I will paste it: just speed read it..
March 23, 2026
The Honorable Howard Lutnick
Secretary of Commerce
U.S. Department of Commerce
1401 Constitution Avenue, NW Washington, DC 20230
Dear Secretary Lutnick:
We write to request immediate action on a serious
and documented national security concern: the large-scale diversion of advanced
American AI chips to China through Southeast Asian intermediaries. We urge all
necessary and appropriate actions – including the immediate pausing,
suspension, or other reconsideration of all active export licenses covering
advanced Nvidia AI chips and server systems destined for the People’s Republic
of China as well as for intermediaries in Southeast Asia, including Malaysia, Thailand,
Vietnam, and Singapore.
This week, the Department of Justice indicted three
individuals linked to Super Micro Computer,
Inc. (Supermicro), including a company co-founder,
for conspiring to export over approximately $510 million in servers loaded with
restricted Nvidia chips to China. Prosecutors allege the scheme operated
through shell companies and overseas front entities designed to obscure the
true end users.[1]The
U.S. Attorney for the Southern District of New York described the operation as
built on a web of lies, obfuscation, and concealment.[2] The
alleged diversion was not a gap in the rules. It appears to have been a
deliberate effort to evade export control laws. Indeed, even before the
announcement of this indictment, a Financial Times investigation had already
estimated that China secured at least $1 billion in advanced AI processors in
the three months immediately after the Trump Administration tightened export
controls.[3]
In May 2025, while actively lobbying against export
restrictions, the Chief Executive Officer of Nvidia, Jensen Huang, told
reporters: "There's no evidence of any AI chip diversion. These are
massive systems. The Grace Blackwell system is nearly two tons, and so you're
not going to be putting that in your pocket or your backpack anytime
soon."[4]
He went further, suggesting that Nvidia's customers could be trusted to police
themselves: "The important thing is that the countries and the companies
that we sell to recognize that diversion is not allowed and
I CANNOT GET RID OF THIS SPACE IN THE PAGE.. just SCROLL DOWN.. :) sorry.
Page 2[5]everybody would like to continue to buy Nvidia
technology. And so they monitor themselves very carefully."⁵
Those statements were not simply wrong in
hindsight. They were contradicted by reporting available at the time and
potentially misled U.S. officials. Singaporean authorities were already
investigating chip diversion.[6]
Malaysian GPU import figures had spiked more than 3,000 percent in a single
year. The Wall Street Journal reported on Chinese engineers arriving in
Malaysia carrying hard drives. None of this was secret.[7]Claims
that there was no evidence of diversion appear to have been part of a public
relations posture designed to protect Nvidia's export licenses.
The stakes here are not abstract. The Chinese
Communist Party's Military-Civil Fusion policy means that chips acquired for
commercial AI work can be redirected to serve the People's Liberation Army.
Advanced processors power the surveillance networks, autonomous weapons
systems, and military command infrastructure that China is building to
challenge American power. Every chip that reaches Beijing through a Malaysian
shell company or a Thai front entity is a chip that should never have left the
country. We are concerned about these revelations, and the implication that the
Bureau of Industry and Security can no longer base licensing decisions on
assurances from executives who have a financial stake in the outcome.
Additionally, the scale of alleged fraud and
diversion in Southeast Asia among key Nvidia partners raises serious concerns
that the company’s compliance and monitoring processes may be grossly
inadequate to protect cutting-edge American technology from foreign adversary
access. Under the alleged scheme, not only did defendants sell servers
containing H200 AI chips to endusers in China without a license, they also
illegally sold even more advanced B200 GPUs— which are not legally available to
export to any customer anywhere in China.[8] If
Nvidia could not detect and prohibit non-China customers from allegedly
illegally diverting GPUs bound for Southeast Asia to China, it is extremely
implausible that it can meet existing end user/use control requirement for
chips shipped directly to China. Nvidia’s due diligence responsibilities under
the EAR cannot be waived or outsourced. As BIS “Know Your Customer” Guidance
makes clear, “[s]elf-blinding” or taking steps to avoid “bad” information do
not insulate a company from liability. To the contrary, it would be an
aggravating factor in an enforcement proceeding.[9]
We respectfully request that the Department of
Commerce take the following steps without delay:
Page 3
1.
Pause and conduct a full review of all active export
licenses covering advanced Nvidia AI chips and server systems destined for
China and intermediaries in Southeast Asia, including Malaysia, Thailand,
Vietnam, and Singapore. BIS should not reauthorize any licenses until BIS has
conducted independent, in-person end-user verification, confirmed that adequate
controls against further diversion are in place, and ensured Nvidia’s
compliance program is strengthened and capable of meeting existing end user/use
requirements;
2.
Require that all future license applications for Nvidia
advanced AI chip sales to Southeast Asian intermediaries include binding,
independently auditable end-user commitments, with license revocation as the
automatic consequence of verified breach; and
3.
Determine whether representations, statements, or
certifications made by Nvidia's leadership to Federal officials and to the
public regarding the absence of chip diversion were materially false or
misleading, and whether those representations, statements, or certifications
influenced licensing decisions in a way that warrants further investigation or
referral.
American export controls exist to protect American
national security. They only work if the companies subject to them follow the
law and meaningfully, aggressively monitor their supply chains. We are
concerned that the recent Supermicro indictments raise serious questions about
Jensen Huang's public assurances and the Department of Commerce should treat
them accordingly.
Thank you for your attention to this matter.
Sincerely,
Jim Banks Elizabeth Warren
U.S. Senator Ranking
Member
Committee
on Banking,
Housing,
and Urban Affairs
and in case you don't feel like reading all that financial GOBBLEDYGOOK.. I am not a fan at all.. and not an economist and really resent being reminded to FILE TAXES.. by cartoon ads.. being that I am long retired and in particular avoided "being involved w/ Finances, Banking, Credit scores and reporting and other "scams".. you read that right.. SCAMS. I am just thankful I am at the front of the Church Pew and I may spend my days, what I have left in as an expat expat somewhere where there is a beach.. and decent food.. and friendly people.. I don't drink but God provides the best drink of all: Living Water.
AND NOW MY COMPUTER IS UPLOADING "SOMETHING" FROM THE CLOUD..
I am going to change Operating systems too. TIRED OF MICROSOFT.. :)
OK HAVE A GREAT SATURDAY.. let's see if I can't find something more entertaining after all this is ABOUT BEING ENTERTAINED.. right NIVANA fans.. will get that..
:) YUP.. say it ain't so.. but me thinks it is all a big SPLASH DOWN SCAM.. all of it.. :) I don't know what else is being put on here.. BEST DAY EVER.. :) Isabell
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