The lower prices could be aimed at undercutting the competition.
Mobster voice: Sure would be a pity if the monetization potential of those 2 huge IPOs (3 if you count SpaceX with xAI deadweight rolled in) went boom when that’s all that’s holding your economy out of recession (depression depending on how they cook the books).
Yeah, the whole plan is to have every US citizen’s 401k’s autobuy into the SpaceX IPO.
Your retirement fund is Elon’s exit liquidity.
Its a truly fantastic fraud.
Because… the Nasdaq… well a few weeks ago it changed its rules on the delay time between an IPO and it being part of the index, the index that everyone’s 401k’s buy into.
I guess you could say its going to be ‘epic’ when this all blows up.
See this is basically how the us economy works:
Poors roll over negative equity into their next car loan.
The ever diminishing ‘middle class’ basically does the same with homes, helocs, etc.
The owners roll over debt via corporate amalgamations.
But because the rich have a magical legal barrier of ‘all the bad and dumb things i do are a legal fiction doing them, not me personally’, well, the legal fiction gets what its due and/or evaporates when it can’t pay what it owes… and the rich remain on top.
Wait, I don’t remember that happening during Covid. I remember some years before, that happened as part of the 99% anti Wall Street protests… which did nothing.
Afterwards, “economy in a recession” is synonymous to “free buffet” to those at the reins.
Not at all wrong, but there’s only so much blood parasites can suck before the host dies (and with luck kills the parasites, and / or sends a strong signal to everybody else to get their infestations eradicated, or at the very least under control), and that host is already hurting bad.
Perhaps I’m being optimistic, but a collapse of the likely magnitude could be that straw, or maybe it’ll just be the back of US influence that breaks.
Mobster voice: Sure would be a pity if the monetization potential of those 2 huge IPOs (3 if you count SpaceX with xAI deadweight rolled in) went boom when that’s all that’s holding your economy out of recession (depression depending on how they cook the books).
The way SpaceX IPO got crammed into index, it’s invulnerable to anything but an immediate incarceration of everybody involved.
Index funds will be required to buy the stocks at a listing price before market can decide how much they are worth exactly.
Afterwards, “economy in a recession” is synonymous to “free buffet” to those at the reins.
Yeah, the whole plan is to have every US citizen’s 401k’s autobuy into the SpaceX IPO.
Your retirement fund is Elon’s exit liquidity.
Its a truly fantastic fraud.
Because… the Nasdaq… well a few weeks ago it changed its rules on the delay time between an IPO and it being part of the index, the index that everyone’s 401k’s buy into.
I guess you could say its going to be ‘epic’ when this all blows up.
See this is basically how the us economy works:
Poors roll over negative equity into their next car loan.
The ever diminishing ‘middle class’ basically does the same with homes, helocs, etc.
The owners roll over debt via corporate amalgamations.
But because the rich have a magical legal barrier of ‘all the bad and dumb things i do are a legal fiction doing them, not me personally’, well, the legal fiction gets what its due and/or evaporates when it can’t pay what it owes… and the rich remain on top.
Yeehaw!
Yep this will be the fourth or fifth record breaking upward transfers of wealth I’ve lived through. I really don’t want to live through another.
At this point many people won’t. Hard to squeeze blood out of a dried, overworked, malnutritioned poisoned and diseased husk of a laid off worker.
Can’t wait until enough people are unemployed that nothing is stopping them from marching in the streets.
Remember what happened during covid layoffs? People brought tents to the protests and camped out for months…
Wait, I don’t remember that happening during Covid. I remember some years before, that happened as part of the 99% anti Wall Street protests… which did nothing.
Well, they leaked the Panama papers, which showed exactly how and how much they are stealing/defrauding… which did nothing.
You’ve already forgotten about the BLM protests?
I think I’m following what you’re saying but I haven’t read anything about this. Where can I read more?
https://youtube.com/watch?v=-X6YzlY_8tM presents a good summary.
https://youtube.com/watch?v=IHD8BDFYyGI is a longer analysis coming at it from a slightly different angle.
Updoot for Patrick Boyle.
Not at all wrong, but there’s only so much blood parasites can suck before the host dies (and with luck kills the parasites, and / or sends a strong signal to everybody else to get their infestations eradicated, or at the very least under control), and that host is already hurting bad.
Perhaps I’m being optimistic, but a collapse of the likely magnitude could be that straw, or maybe it’ll just be the back of US influence that breaks.