Tesla isn’t worth anything, in fact it’s worth far, far, less than nothing. I suppose it is good for accumulating wealth that doesn’t exist and eliminating it. Anyone that needs to be convinced that the stock market is a massive bubble is too far gone to survive in reality. It took less than a minute to see that Tesla has lost money every year for 10 years? WTF?
I’ve been hearing about how we dumb Americans didn’t know how valuable our personal and meta data is, and basically gave it away, like in the story of how Native Americans traded Manhattan for a chest of beads and trinkets. I don’t believe it. Just another bubble.
Alphabet, the avatar of Google, $2.242 trillion and Facebook, $866 billion are worth over 3 trillion dollars last week. How big is a $100 million building? How about a new ten story 500,000 sq. ft, high-tech bioscience building in New Haven Ct., or a 386 unit Town Home Community/Building in Bethesda Md.
Lets buy 30,000 $100 million dollar buildings. Will $300 million buy a sports stadium? Let’s get 10,000 of them. Maybe not. $600 million aught to cover the cost of building a nice sports stadium. Let’s buy 5,000 of them, 100 stadiums for every state. Are Google and Facebook worth 30,000 $100,000,000 buildings? Is Tesla worth 4,000 $100,000,000 buildings? Is a retail sales and home delivery facilitator worth $1.7 trillion? What is going to be delivered when China decides to stop filling up our landfills? They sure don’t need America, they can trade the goods they make for the resources they need, and get a far better return than shit from assholes.
Have you ever considered Mr Taggart, that gold is shiny like trinkets and beads? That it is only worth what it can purchase, and gold is not money? Federal Reserve Notes are money in America, along with credit and debt, though debt that can’t be paid won’t be paid, so I don’t know how the issues surrounding digital dollars will end, but I’m pretty sure cash will have value after the hyperinflation of financialization collapses and digital dollars disappear in to the void from which they appeared.
The one group of people on this planet that I am certain understand the exponential function, are the people that control the Fed and the Treasury. Contrary to what I have heard Mr Martenson express, they are not stupid, they are not grasping for solutions in the dark, they know exactly what they aim to accomplish, or the alternative is that by coincidence the Fed, like fools and drunks are protected by God, have inexplicably kept the economic boat afloat beyond what Mr Martenson has stated he could imagine 10 years ago. They know, and have known the current monetary/banking system must end. Like George Carlin said it, we are not in the Big Club, and “they don’t give a fuck about you. They don’t give a fuck about you. They don’t care about you at all. At all, at all”. So, what are they going to do as “we the people” become an increasing liability? A threat?
1 Charles Hugh Smith wrote on his blog “Here’s Why the “Impossible” Economic Collapse Is Unavoidable.” It’s a description for how businesses and industries when they have a fixed cost that can’t be met unless they are running at, or near full capacity, soon won’t run at all if they can’t.
I have never heard anyone explain how cascading system failures can be avoided, and now at this stage, what I have always feared, close to 20 years now, is that there is no escape other than Martial Law, but how could Martial Law succeed in controlling the population, and an economy to support the military and the population too? The population of America is too far removed from the calories they must either have, or die, and each calorie we consume requires 10 calories to produce.
Everyone on this website that has been around for a while, was drawn here by the Crash Course so to speak, must know that America as a country took a turn that led away from reality quite a while ago, and now reality is going to assert it self, but it seems to be unrecognizable, even to everyone that felt the ground shifting under the weight of the Fed’s Repo Operations. Mr. C H Smith, like the Town Crier, called out that normal was over, and normal was no more, and now I’m doing it too.
A typical person has 5 liters of blood in their body, and if the most they could ever have was 4 liters they’d be dying. Cascading system failures would be death. Running on four liters is where we were after the 2008 meltdown, looting the blood bank was the solution, we are living in the Wile E Coyote moment now, and I’m the idiot that wrote the message on the sign Wile E Coyote, Genius holds up the moment before he plummets downward. The economic system that built the roads, the houses, planes, trains, sky scrapers, shopping malls, and Wall Street is over, ran off the cliff, and broken. What has been our life support will soon no longer function. Can anyone explain how hive animals (we are not, but live as such) that are hyper-networked survive when hives abruptly no longer function?
How perpetual growth economies end was written thousands of years ago. The Tower of Babel Fable as interpreted by magical thinkers has no particular distinction for why the story was created and/or the lesson to be learned. As a lesson in economics the collapse of the tower, the debts and credit irreconcilable in an environment with a failed economy speaks to societal collapse and dispersion, and the confusion of languages representing claims and counter claims like what happens when banks cease to pay debt or extend credit because trust has vanished so commerce and communication stops. The lesson to be learned is worthy of the fable at least.
I’d love to be wrong and have any errors in my reasoning corrected. I have some precious metals and would like nothing better than to realize their value, and die later rather than sooner.
