A skeptical view of how Wall Street is bankrolling the AI boom, warning it echoes the risky financial engineering that led to the 2008 crash.

• Korean TV has been openly mocking Trump over the "catering truck" security fiasco, showing him as a self-styled hero while poking fun at his behavior.
• Nvidia is now acting like a "central bank of AI," using big banks and private equity to finance data-center buildouts for customers like Elon Musk's companies.
• These deals bundle and securitize chips the same way mortgages were packaged before the 2008 crisis, raising fears of a repeat if the loans go bad.
• The big worry is overbuilding: cheaper or more efficient AI models (from China, Korea, or Europe) could leave a glut of data centers and outdated chips, crashing the market.
• JD Vance rails against "too big to fail" and a strong dollar, but is tied to the same finance and tech crowd he criticizes, and weakening the dollar would make imported goods far more expensive for Americans.

Outlook: Expect more Wall Street financing of AI infrastructure and continued political talk of ending the dollar's dominance, both carrying real risk of a painful bust.