Everything Samuel Hammond said on any show that made the record, most notable first. Each card names its show and opens the statement there.
Hammond: AI will deflate US knowledge work while China automates manufacturing
“The last 40 years we've specialized in, you know, higher education, knowledge work, legal management services, Hollywood, you know, the creative class, all this stuff that is going to like be deflated and China will have the factories that will become fully au…”
Hammond: Failing to enforce the TikTok ban is Trump's most unconstitutional act
“The biggest, the most unconstitutional thing he's done today is not enforce the TikTok ban. Cause that was a direct, you know, statute that Congress passed that said that shall ban TikTok.”
Hammond: Abruptly resetting global trade imbalances will crash stocks and real estate
“If you do this all at once, what that means is the entire floor will fall out of the stock market and the real estate market. And, you know, with huge cascading effects through emerging calls.”
Hammond: China distorts trade via suppressed consumption and overproduction, not currency
“China was a currency manipulator through throughout a lot of the 2000 and early 20 tens, but it really, that really hasn't been the main way that they cheat. They cheat by basically suppressing household consumption and, you know, having these 60% saving or sa…”
Hammond: Nvidia continually circumvents export controls with sub-threshold chips like the H20
“Every time we introduce an expert control, NVIDIA's two weeks later has a new chip that just gets under the line of what's being controlled. And the latest one is the H-Twenty.”
Hammond: AI systems will swamp all other economic issues by 2029
“In four years we're going to have such powerful AI systems that like really it swamps everything else.”
Hammond: China added 446 GW of power last year versus US net zero additions
“China added 446 gigawatts of energy last year. It was a 20% year over year increase. They're going to do that again this year. We added zero net new energy. We had a lot of renewables, but it came directly out of coal and other sources.”
Hammond: Reshoring US Manufacturing Will Not Be a Mass Jobs Program
“Yeah, we need to bring back manufacturing, but it's not a jobs program. That's for sure. In fact, the only way we're going to bring it back is if we automate significant amounts of this and maybe the guy who presses the on button every morning gets paid, you k…”
Hammond: China Has Decisively Leapfrogged the US in Battery Technology
“Yes, we have the data centers and the better models, but China, you know, has the batteries, right? They have like that. That's one area where they have leapfrogged us and whether it's electric vehicles or robotics or drones, like we need to have our own batte…”
Hammond predicts AG Pam Bondi will settle NRC nuclear licensing lawsuit
“There's, I think there's a good chance that this, that Pam Bondi and the attorney general settle that case, in which case states could then stand up their own licensing boards.”
Hammond: Commerce Department is delaying Nvidia H20 export controls over tariffs
“The commerce department has, you know, Howard Lutnick has said that he's going to export control the age 20, but they're so distracted by tariffs. They haven't prioritized it. And the time is kind of running out.”
Hammond: Chinese export controls prevent any TikTok buyer from acquiring its algorithm
“China has very strong expert controls. Like the reason TikTok can't sell is because algorithms in general are expert controlled. And so they would be able to buy the brand name and like the offices, but they'd have to completely re revamp the algorithm, which …”
Hammond: Shooting down a drone carries federal penalties like shooting an airplane
“As long as we're treating drones as any other kind of airplane I wouldn't recommend this, but if a drone is trespassing over your property and you choose to shoot it down, it's like treated as shooting an airplane, which is like 25 years in jail or something l…”
Hammond: Nuclear Power Does Not Financially Work Without Government Backstops
“The big problem with nuclear is it, it's, it doesn't really pencil out without, like, large government support.”
Hammond: $16B in Nvidia H20 chip orders are waiting to ship
“There's sixteen billion dollars of orders for age twenties just sort of sitting in limbo about to go at the door.”
Hammond: Mortgage debt has returned to 2007 peak levels
“Mortgage debt is now back to his 2007 levels.”
Hammond: Natural Gas Will Bridge the Energy Gap for AI Data Centers
“In the short run, especially for these data centers, it's going to be natural gas. It's going to be a bridge to more permanent base load. Energy.”
Hammond: Drone racing will be broadcast on ESPN by 2018
“I think we're only a year or two out before this is broadcast on ESPN, because just, it's some of the most exciting things to watch.”