Will AI be the “Savior” of the U.S. Economy or its Downfall? Globalists Discuss AI at the WEF

AI was a top subject discussed this week at the 2026 World Economic Forum (WEF) in Davos, Switzerland. One of the most illuminating events regarding how world financial leaders view AI today was in a panel discussion hosted by CNBC that included Larry Fink, CEO of BlackRock, Ken Griffin, CEO of Citadel, Christine Lagarde, President of the European Central Bank, and renowned economist Adam Tooze of Columbia University. The discussion started out by discussing historical parallels between the economic boom of the "roaring 20s" just after WW I, which then ended with the Great Depression in the 1930s, and what we are seeing today with the massive spending in AI which is propping up the world economy, for now. Christine Lagarde, President of the European Central Bank, stated that she did see parallels between the 1920s and today, because the 1920s produced life-changing technology, such as the electrical grid, combustible engines, assembly lines (mass production), which led to an increase in the markets. Ken Griffin, the CEO of Citadel, disagreed that there were parallels between the 1920s and today, as he stated that government spending around the world is "recklessness", because they are spending beyond their means. He stated that in the 1920s it was "recklessness" in the private capital markets. I actually agree with this, but I see BOTH happening today: recklessness in U.S. Government spending, and in the past few years recklessness on Wall Street by investing in all of the AI technology, based on what it is going to do in the future. Then Griffin said this: "There's a huge question as to where AI will take us, ... because this is one of the big issues of our moment. Will AI create the productivity acceleration that is honestly just hoped for in Washington and in the halls of government around the world as a way to overcome the profligate spending that we're currently engaged in? Like, the world needs a savior, and the hope is that AI is the savior that we need for productivity. And the challenge with this is it may or may not be. We just don't know yet."