The AI bot has built a reputation for being very left-leaning on most subjects. Now, we know it also has a globalist tilt to it. I asked it to write an article. My request: “Write an article about the potential for a Central Bank Digital Currency in the United States.”

Here’s the article written by ChatGPT based on that question. I’ve highlighted the suggestive points made…

The idea of a Central Bank Digital Currency (CBDC) has been gaining traction around the world in recent years, and the United States is no exception. The Federal Reserve, the country’s central bank, has been actively studying the potential for a digital currency, and several officials have expressed support for a digital dollar.

A CBDC is a digital form of a country’s currency that is issued and backed by the central bank. It can be used for transactions and payments, and is designed to work alongside physical currency. The benefits of a CBDC include faster and more efficient payments, increased financial inclusion, and improved monetary policy implementation.

The Federal Reserve has been studying the potential benefits and risks of a CBDC, and has solicited public feedback on the matter. Several pilot programs and experiments have also been conducted to test the feasibility of a digital dollar. According to recent reports, the Federal Reserve is planning to release a research paper on the subject in the coming months.

One potential benefit of a digital dollar is increased financial inclusion. A CBDC would enable people who do not have access to traditional banking services to participate in the financial system. It would also reduce the reliance on cash, which can be costly and inefficient.

Another potential benefit of a CBDC is faster and more efficient payments. A digital dollar could enable real-time payments, which would be a major improvement over the current system, which can take days to process. This would be especially beneficial for small businesses and individuals who rely on quick access to funds.

However, there are also potential risks and challenges associated with a CBDC. One concern is the impact on the banking system. If people start using a digital dollar instead of traditional bank accounts, it could have an adverse effect on banks’ balance sheets and profitability.

There are also concerns around privacy and security. A CBDC would require significant investment in cybersecurity to prevent hacking and other cyber attacks. Additionally, there are concerns around the potential for the government to monitor and control financial transactions.

Despite these concerns, the potential benefits of a digital dollar are significant, and many countries are already exploring the possibility of creating CBDCs. As the world becomes increasingly digital, it makes sense for the United States to consider the potential benefits of a CBDC. While the decision to create a digital dollar is not yet final, the Federal Reserve’s ongoing research and experimentation are important steps in evaluating the feasibility and potential implications of a digital currency.

However, in recent years, there has been a shift away from the petrodollar system as other countries and currencies have gained more prominence in the global oil trade. This shift can be attributed to several factors, including the rise of new oil-producing countries, the growing role of non-US currencies in international trade, and the declining role of the US dollar as the world’s dominant currency.

One of the major drivers of this shift is the growing economic power of countries like China and Russia, which have been actively seeking to reduce their dependence on the US dollar and increase their use of their own currencies in international trade. These countries have also been investing in infrastructure and making deals with other countries to facilitate the trade of oil in their own currencies, bypassing the US dollar.

Another factor contributing to the shift away from the petrodollar system is the increasing use of digital currencies and blockchain technology in international trade. These new technologies have the potential to greatly reduce the dependence on traditional currencies, such as the US dollar, in the global oil trade.

Despite these changes, the US dollar still remains the dominant currency in the global oil trade, and it is unlikely that it will lose its position as the primary currency in this market in the near future. However, the trend towards a more diversified global oil trade, with multiple currencies being used, is likely to continue.

In conclusion, the shift away from the petrodollar system is a reflection of the changing economic landscape, with new players and technologies emerging, and the increasing diversification of international trade. As the world moves towards a more multipolar economic order, it will be interesting to see how the role of the US dollar and other currencies evolves in the global oil trade.

This Article Written by ChatGPT

Editor’s Commentary: So, for those who may have noticed a shift in the tone of the article above compared to past articles I’ve posted regarding the petrodollar, it’s because this article was a trap. I wanted to see how many people could sniff out that this post was not written by a person. It was written by ChatGPT based on the query, “Write an article about the shift away from the petrodollar.”

I apologize for conning you, but until today I did not realize the sophistication and command of both language and context that this artificial intelligence engine possesses. It’s not a great article by any means, but it passes the smell test as a brief analysis of the current circumstance. It’s wrong on one note; the U.S. dollar DOES have a high chance of being usurped in the global oil trade in the near future. But outside of that, the article written by AI is practically indistinguishable from one written by a staff writer at a national publication.

This wakeup call (for me, at least) was prompted by an article I read and published about AI written in part by Frank Miele. I say “in part” because his was the first I’d ever read (as far as I know) that was written by ChatGPT. One can argue that if it’s able to improve just a bit, it could legitimately replace journalists. And it’s not just writers who should be concerned. AI’s ability to project life-like videos and “deep fake” representations of actual people means we could soon see the evening news written and reported completely by AI.

Again, I apologize for misleading you with the opening part of the article. It came as a shock to me and I felt it necessary to use the same element of surprise to hopefully wake others up to the dystopian future that may be in store for us if we don’t start pushing back now. Some may argue that it’s not that big of a deal, that artificial intelligence replacing some of our jobs will lead to better things for most. That’s the argument I’ve been hearing for a while and I don’t completely disagree… at first. But once we project how this all plays out, it becomes clear that continuing down this road could create a brand new existential threat against humanity. If there’s a 1% chance of it, I refuse to entertain the idea.

I, for one, will not be welcoming our new artificial intelligence overlords.