Trump’s Fatal Move Just Blew Up Everything

Support comes from wise, the smart way to manage the currencies you need around the world. Your life is global. Your money should be too. Some providers promise no fees on overseas transfers. Don't be fooled. Extra costs often hide and blow to exchange rates. Choose wise. You can send, spend, and receive money in over 40 currencies. Count on the exchange rate that you'd usually see on Google. That's how millions save billions on hidden fees. Be smart. Get wise. Visit wise.com. T's and C's apply. Donald Trump and his top cabinet officials were informed on numerous occasions that Jensen Wong, the CEO and co-founder of NVIDIA, was likely compromised by a Chinese spy named Alice Wong. No relation. Her name in China is Wang Li. She started multiple subsidiaries in Singapore in Malaysia. One was called mega speed, the other speed matrix, which served us fronts to get these GPUs, these graphic processing unit mega chips. These semi-conductor chips from NVIDIA, which were then routed to China. Donald Trump was informed by intelligence community leaders as recently as May 2026 before Donald Trump took a trip to China to meet with Xi Jinping where Jensen Wong was a guest of Donald Trump's. Hey, Donald, the intelligence community said, Jensen Wong is compromised. Man, he probably shouldn't take him on this trip. Donald Trump said, I don't care. He's coming with me anyway. And then this past week, Donald Trump gave a press conference where he denied any knowledge about Jensen Wong. He denied that he knew about it when, in fact, he knew about it. You know, who else knew about it? Commerce secretary Howard Lutnik knew about it in 2025 and still allowed this to continue at the expense of US national security folks. Yes, there's a salacious story. Jensen Wong CEO co-founder of NVIDIA, which is the biggest company by market valuation, at least it was in the United States, which has now decreased about 12% in the past few days since this affair came out. Yes, he's married salacious affair. He did business deals with this mistress with this lady, Alice Wong. He gave her a lot of these high-powered GPU chips, which then likely found their way to China worth billions of dollars. Very big deal. Absolutely. But the bigger question right now is how much of NVIDIA's business was basically doing this, maybe not with Alice Wong, but where there are these other cutouts that basically served as intermediaries in Singapore and Malaysia that basically routed all of these high-power chips, these GPUs to China. And not just in NVIDIA is this whole AI boom, or should I say this whole AI bubble based on basically 20% or 30% of the business doing unlawful exports to China at the expense of US national security. And how has this impacted our national security? Because it's not just for commercial exploitation, but what about national security implications like the semi-conductor chips that have found their way in Russian ballistics, Russian, Garen foreign, Garen 5 drones, Iranian weapons, weapons in North Korea, these GPUs, these graphic processing, units, these semi-conductor chips, not just from NVIDIA, but from all of these companies in the United States have found their way in a lot of the weaponry of United States adversaries. The New York Times had bombshell after bombshell on this in the past 24 hours. They've been on top of the story. Take a look at this one right here. There's it's a five-byline story, five reporters wrote this story. Despite denial, Donald Trump was told on trip to China about spying on NVIDIA leader. Before Jensen Wong board an Air Force one in Root to Beijing, Donald Trump was reminded by intelligence community members and by Marco Rubio that the guy you're with right there, Jensen Wong, is likely in a relationship with the Chinese spy. Here's the data. Here's the information. Marco Rubio delivered the information, according to this New York Times story, other intelligence officials delivered the information to Donald Trump. And Donald Trump didn't care. He's like, "Doesn't matter. Jensen Wong's going to go with me on this trip. I don't care." And Donald Trump was previously informed about it in 2025. Donald Trump has been claiming over the past week. No, I didn't hear about it then. He said that it's the latest news conference. I don't know anything about it. I'd certainly check with the intelligence people. They could have been mentioned. Certainly, it didn't make much of an impact on me. Why would that not make much of an impact on you? Seems like it should certainly make a major impact on any commander and chief. The broader implications here. It's not just Alice Wong and her companies. As I noted, it's the broader national security implications. Just to show you how the scheme worked, of course, you have Alice Wong. She worked for the Chinese government before. Then she was in this kind of AI world. She'd be in these circles and Taipei in Taiwan. She met up with Jensen Wong over there in Taipei, Taiwan in 2024. It seems their relationship stretched back to 2023. And it seems in terms of the deals they did together, Jensen Wong and Alice Wong. We could be talking folks about $7.5 to even $10 billion worth of transactions beyond the two or three billion dollars, which was reported earlier this week. So what ended up happening is there was a Chinese company, this gaming company that spun off two subsidiaries, one in Singapore, one in Malaysia, the one in Singapore is mega speed, the one in Malaysia speed matrix. And in Malaysia, you have all these data centers. And so basically, you had part of the deal, would go in Singapore, part of the deal would go in Malaysia. And then you would have these chips, the H200 chip, which was one of the top of the line chips in 2025, although there's a blackwell and other chips that are far more advanced than the H200 now, they would basically be routed to China, via the Singapore kind of Malaysian cutouts find their way to China. And this was known to let Nick, according to all reporting in 2025, he did nothing, the US just let this happen in 2026, Donald Trump announced, we'll make the H200 chips available to China, which people were like, huh, why are you going to make that available to China? There were all these very strict export controls that the Biden administration had. And then it was extra curious when China didn't buy any of the H200 chips. And of course, they didn't buy it because it wasn't even an advanced chip anymore. There was a blackwell, there was Vera, there were all these other chips that actually do much better jobs than the H200, which was still somewhat advanced. But China, in my view, was able to use the H200 build off it. Then they favored their domestic production once they had access to the H200. And they built their own stuff over there that's now competitive with the United States, not just the H200. There's other GPUs that they got their hands on. But this is one route. Now another question arises is all of these public statements, material statements that Jimson Wong has made public and other NVIDIA spokespeople making public basically saying that China plays no role in all of these profits that NVIDIA has been talking about. NVIDIA is saying massive profits, massive profits, massive profits. And none of them have anything to do with China. But it's possible that 20 to 30% of the business may have actually been in China, but being booked as Malaysia, Singapore, other southeast Asia contracts, which were really Chinese contracts in disguise. And we're not just talking about NVIDIA, we could be talking about the whole industry here as well or significant portions of the industry. Now, the way I like to think about it is this way. Now imagine if when the Enron scandal broke that the administrations were working with Enron to actively cover it up. Imagine Lehman brothers, right? When we talk about the mortgage back securities, if you had the administrations working with Lehman brothers, not to address the issues or recognize the mortgage back securities were a massive problem and that they were toxic to have these on the books, but then compounded the issue and covered it up and covered it up and covered it up. Donald Trump, it seems, have been covering up all of these problems over and over again, the DOJ is not doing investigations and the SEC is not doing investigations and any of the investigative bodies have been gutted and not doing it. And so all of these oligarchs have been able to engage in lots of corruption. And so now when it gets discovered, does it just compound the mess and mess and mess that you've made all of these potentially? I will have to see what the investigation shows. You know, with everything going on, I'm always looking for ways to save time between recording shows, keeping up with breaking news and there's a lot of it and everything else there just aren't enough hours in the day. So I try to make things easier wherever I can. I get things delivered, handle emails between recordings and basically multitask whenever possible. We all have our own time saving hacks for everyday life, but if you're a business owner, how can you save time hiring? Zipper Cruder. Zipper Cruder has a new feature that quickly lets you see the most interested qualified candidates first. So you save time by meeting the right people faster. And right now you can try it for free at zippercruder.com/mytus. Save time and meet great candidates sooner with Zipper Cruder. Four out of five employers who post on Zipper Cruder get a quality candidate within the first day. Try it for free at zippercruder.com/mytus. That's zippercruder.com/mytus. M-E-I-D-A-S. Meet your match on Zipper Cruder. Let me be clear. I'm sharing with you my opinion, but let me know your opinion that there could have been all of these material misrepresentations made now a massive class action has been found. they shareholder class action against Nvidia for material misrepresentations. It's lost over $500 billion in its market cap in the past few days since the issues with Alice Wong, the Chinese spy, have become public at this point. And so this is like a slam dunk lawsuit because the reality is is that the way you would measure the damages is what was the material misrepresentations, what was being covered up, what were the material emissions, then you measure the drop in the stock price. And then these shareholders who lost a lot of money could be entitled to the delta, the difference between what it was trading at before, what it was trading at now. And just as of this recording, it's down 12%. After the election, it dropped another 7%. We're talking about a 20% drop or so of Nvidia since the election. It's been an absolute wipe out, as one account said. You know, it's not really super intelligent for the CEO of Nvidia to have a relationship with a Chinese spy, probably not super intelligent to do that. Also Axios was reporting, again, how I noted, Howard Lutnik was sent a highly classified memo. Warning about Nvidia's CEO, Jensen Wong's relationship with suspected Chinese spy Alice Wong. Lutnik oversees the agency charge with keeping sensitive US technology out of the hands of American adversaries. The warning raises questions about how the department weighed potential security risks as it cleared advanced Nvidia chip sales to China affiliated entities. Furthermore, we talked about, and this was a story from the information earlier yesterday. Alice Wong has known Jensen Wong and identified her real company Shanghai Century Latong, which enabled at least $7.5 billion in Nvidia chip sales to China since 2023. Bigger than previously reported per the information. Nvidia has hired a top lawyer to conduct an internal investigation from Wachtel Lipton. We will see what happens there, but a major internal investigation is taking place over there. The stock price is doing very, very poor right now. Here is what Carl Kingtonier reported from Fedwatch. If Jensen Wong is cleared or chooses an orderly departure, the stock could stabilize around a key support near $155. However, if the situation ultimately results in his exit due to a security or export control violation, the repercussions could extend well beyond Nvidia. Nvidia is the leader, basically, of the whole semi-conductor kind of AI boom right now. It's the biggest market cap company in the United States, but so much of the AI industry, semi-conductor industry, is inextricably intertwined with Nvidia. So if Nvidia falls, you have the whole dominoes falling as well. AOC said the Nvidia spy scandal shows the danger of billionaires having too much power. Here's what she said. What do you make of this Jensen Wong situation? And like, what do you think the next steps should be to determine what happened and nothing bad's going to happen next? Well, I mean, here's the thing is that when power in our economy and when wealth has concentrated so much that five guys in Tuxedo's control has of our economy, all you need to do is compromise one of them. Right. Why don't these guys keep it in their pants? He's one of the most important guys in the world. It's not only that, it's not only that, but why is it up to five guys to keep it in, you know, to do that. So it shouldn't be up to five guys on the first place. Right. It's because market power and everything has concentrated so much. So we need to check these guys power. We need to, you know, there's a lot of companies that probably have too much power that need to be broken up and allow everyday people to have a shot. Yeah, you're looking to investigate what happened here to determine like if secrets or like, I don't know, something's compromised. Well, obviously, I think this is a tremendous national security and intelligence for each that that has to be investigated. This is not, I don't even think it's a political opinion. Hmm. Well, Donald Trump's saying like, you know, he's a good guy, blah, blah, blah. You can be a good guy and and have compromised the entire United States ship supply and national security. So those two things are not mutually exclusive. Thank you so much. Donald Trump was asked earlier this week, when were you made aware of the intelligence around Jensen Wong? And Donald Trump's like, I don't know. I don't know. Here playing this clip. No, no, not you, not you, good. I want you to put it right away. Exactly. You were made aware of the intelligence around Jensen Wang. Oh, I have to check. But this has been going on. You put an intelligence memo out last year. Did you read that? Well, I certainly check with the intelligence people. I could have been mentioned. Certainly it didn't make much of an impact on me. Yeah. A reporter that asked Donald Trump, well, are you going to bring this up with Xi Jinping when you see him next week at the aid pick conference? That's the Asian Pacific conference when Donald Trump's going to meet she there. Are you going to bring it up? No response from Donald Trump. He's like, I don't know. Why would I bring it up? Jensen's a great here play this clip. Are you going to bring up the case of Jensen Wang with President Xi when you visit with him next week? I don't think so. I mean, maybe I'm sure President Xi will ask me about it. I just know Jensen very well. I just think he's a very honorable man. And as I note, yes, there is the issue about the Chinese spy. Okay. But to me, that's the tip of the iceberg. That's the salacious detail where we can get lost on. And I don't want to get lost on that. I want to focus on how Singapore and Malaysia and these other entities and these other countries were potentially being used to harbor these intermediaries that basically took all the semi-conductors and brought them to China. And if this was basically systemic, these are questions that need to be investigated, not just that in video, but across this entire industry at this point. That's what we're going to have to look at. And when I was a litigator, I did cases where I represented the SEC and receivership actions against billions and billions and billions of dollars in Ponzi schemes. And so I was on the side of the SEC basically civilly prosecuting the fraudsters. And so I don't specifically know the facts, but I know in my spidey sense of saying there's a lot of big issues here that are far deeper than the affair. They want us to focus on the affair. It's a big deal and compromise national security and see, but the bigger issue, material misrepresentations across the whole AI sector that Donald Trump and Lutnik and Bessent and others may have been covering up. That's what I want us to pay attention to, to understand this, to understand this more. Anyway, hit subscribe. Let's get to 7 million subscribers. Thank you for watching. Appreciate you. I'm grateful for you. WTF America is officially out now. 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