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
[1] NBC News, "Three men charged with illegally smuggling advanced AI chips into China," Brian Cheung, Jonathan Dienst and Tom Winter, March 20, 2026, https://www.nbcnews.com/tech/tech-news/three-men-chargedillegally-smuggling-advanced-ai-chips-china-rcna264371.
[2] Wall Street Journal, "Tech Exec Accused of Smuggling Nvidia Chips to China Resigns From Board," Raffaele Huang and Katherine Hamilton, March 20, 2026, https://www.wsj.com/tech/super-micro-computer-employeesarrested-for-alleged-sales-to-china-45a2bd73.
[3] Financial Times, Nvidia AI chips worth $1bn smuggled to China after Trump export controls, Zijing Wu and Eleanor Olcott, July 24, 2025, "https://www.ft.com/content/6f806f6e-61c1-4b8d-9694-90d7328a7b54? syn-25a6b1a6=.
[4] Fortune, "Nvidia CEO sees no evidence of AI chip diversion into China," Annabelle Droulers, May 17, 2025, https://fortune.com/article/nvidia-ceo-jensen-huang-ai-chip-diversion-china-blackwell-diffusion-rule/.
[5] Id.
[6] Bloomberg, "Singapore Probes Potential Fraud in Nvidia AI Chip Shipments, Gao Yuan and Mackenzie Hawkins, March 3, 2025, www.bloomberg.com/news/articles/2025-03-03/singapore-probes-potential-fraud-in-nvidia-ai-chipshipments.
[7] Tom's Hardware, "Nvidia CEO Jensen Huang says 'There's no evidence of any AI chip diversion,'" May 19, 2025, https://www.tomshardware.com/tech-industry/artificial-intelligence/nvidia-ceo-jensen-huang-says-theres-noevidence-of-any-ai-chip-diversion (noting 3,400% surge in Malaysian GPU shipments and Wall Street Journal reporting on Chinese engineers arriving in Malaysia with hard drives).
[8] Supra note 1.
[9] Supplement No. 3 to Part 732, Title 15. Also see 15 C.F.R. § 764.2(e) (“acting with knowledge of a violation,” whereas “knowledge” is defined in § 772.1 as including “an awareness of a high probability of its existence or future occurrence. Such awareness is inferred from evidence of the conscious disregard of facts known to a person and is also inferred from a person's willful avoidance of facts”]
I DO NOT KNOW WHAT IS GOING WITH MY COMPUTER.. somehow it went wild.. this is all because of A.I and Co PILOT.. :)
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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