this post was submitted on 24 May 2026
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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.
The 'good' news is you might not live through the next one.
Food.
Yeah our entire modern agricultural system is basically a process of squirting refined oil into the ground and then food comes out.
Drive up the precursor cost?
Well a whole bunch of that process breaks, and that's not even considering the oil burned to move things from one place to another.
Even if you solve that problem: Climate's broke, ain't gonna fix it at this point. That'll fuck up food production massively as well.
Population control (culling) via food prices doubling or tripling every few years, and the chaos that results from that.
They're hoping enough of us will die before we actually try to eat them.
I suggest making what stockpile of edible reserves you can now, keep cycling through it, eat a bit of it, replace more of it, etc.
We got the worst el nino in recorded history, AMOC is currently giving out, as is the 'doomsday' glacier... and roughly 1/5 to 1/4 of the world's oil just stopped, it'll take years to recover from the damage thats already done.
Everything that has happened so far will be a footnote compared to what happens next.
Exactly. I try to tell this to my family and they all act like I'm crazy. Well my house is stocked atleast even if they don't stock theirs. I've also been experimenting with growing my own food. Have potatoes, corn, blueberries, peaches, blackberries, mullberries, onions, and butternut squashes. Summer squashes and beans going in soon. Also have a few books on edible wild plants and stuff for foraging. Fishing gear too.
Yep, all good plans if you got any land to grow anything on.
I'm apartment-bound, so, maybe aquaponics is in my future.
Honestly you could just go down to random underdeveloped areas and throw native berry bush seeds and stuff like that around. Then you know where it is if you need it. I've got quite a few areas where I've just found native edibles and know I can go to find them in a pinch.
It’s plain as day and nobody gives a shit. Stunning.
'Don't look up', I guess.
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?
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.
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.