"It seems to me that to organize on the basis of feeding people or righting social injustice and all that is very valuable. But to rally people around the idea of modernism, modernity, or something is simply silly. I mean, I don't know what kind of a cause that is, to be up to date. I think it ultimately leads to fashion and snobbery and I'm against it."
Jack Levine: January 3, 1915 – November 8, 2010
LEVEL BILLIONAIRES OUT OF EXISTENCE
ATLANTIC CITY, N.J. (AP) — One of President Donald Trump’s former Atlantic City casinos will be blown up next month, and for the right amount of money, you could be the one to press the button that brings it down.
The demolition of the former Trump Plaza casino will become a fundraiser to benefit the Boys & Girls Club of Atlantic City that the mayor hopes will raise in excess of $1 million
Opened in 1984, Trump’s former casino was closed in 2014 and has fallen into such a state of disrepair that demolition work began earlier this year. The remainder of the structure will be dynamited on Jan. 29.
“Some of Atlantic City’s iconic moments happened there, but on his way out, Donald Trump openly mocked Atlantic City, saying he made a lot of money and then got out,” said Mayor Marty Small. “I wanted to use the demolition of this place to raise money for charity.”
He stole lots of money and got out, what he always does. Who ever heard of anyone who couldn't keep a casino going? A business that's rigged so the house NEVER LOSES IN THE END. A stupid but oily crook, that's who.
They could start that as a starter event to clawing back the hundreds of billions of dollars of theft and grift and graft. I'd also like to be the one to lock the cell and throw away the key on hundreds of the crooks.
is as racist as the most racist Courts in the history of that dishonorable Court. It just nullified another federal law, passed by Congress, signed into law by a president, one that removes protective status from a list of those who came here fleeing violence and in many cases likely death. And it's not the only one they have nullified just this week, using the Marbury power ever more as Louis Boudin predicted it would be more than a century ago.
Amy Coney Barrett, alleged mother of two children adopted from Haiti, just put an ICE target on their backs by going with her five other Republican-fascist colleagues on the Court. I'd really love to know what those children think of that, that is if they still understand that they are now going to be the focus of racial targeting by racist cops, racist ICESTAPO. I wonder if that bitch cares enough to understand that's what she's done. I suspect that in her lawyerly-liarly way, she can come up with lawerly lying language to pretend that's not exactly what she's done.
Then there's Clarence Thomas, possibly the most anti-black "justice" he may have a worse record in many ways than that of James McReynolds.
But all of the Roberts Court Republicans are thorough racists, partisan Republican fascists and enablers of what is objectively the worst president in American history. They make Court reform not only entirely desireable they make it a necessity of maintaining not only a democracy but even an actual republic of laws and not Republican-fascist men and a few women in the mix.
Israel, their "most moral army in the world" is targeting CHILDREN in exactly the same way the Nazis targeted CHILDREN as those they especially wanted to murder.
The Nazis advocated killing children of “unwanted” or “dangerous”
groups either as part of the “racial struggle” or as a measure of
preventative security. The Germans and their collaborators killed
children for these ideological reasons and in retaliation for real or
alleged partisan attacks.
Nazi Germany and its collaborators killed about 1.5 million Jewish
children and tens of thousands of Romani (Gypsy) children, about
10,000 German children with physical and mental disabilities living in
institutions, as well as many Polish children and children residing in
the German-occupied Soviet Union. Jewish and non-Jewish adolescents
(13–18 years old) had a greater chance of survival, as they could be
used for forced labor.
Israel is reproducing as closely as could be possible what was being done then. I can't believe, given the context of who is doing it and the ideology of Israel that they aren't doing so intentionally.
Usha Vance is married to a monster and remains married to him and breeds with him. There is no way she doesn't know the evil he is part of and the plotting he and his billionaire owner are doing.
To hell with her.
Remember how many imagined Melania as a sympathetic figure, trapped in a marriage to a monster who was hurting People? Remember those funny skits on Colbert's shows? They were funny but that wasn't Melania it was People imagining her as someone who she is not. She is a brittle, self-obsessed, selfish and totally rotten person.
The beginning alone, talking about his superliner sized yacht and its attendant yacht should make you want to get a pitchfork and torch.
These guys, their companies, their wealth is a danger to democracy. I remember when they were touting "tech" as being clean industry, now with their giant compounds spewing diesel fumes into poor neighborhoods and increasing carbon load in the atmosphere is added to the world threatening filth coming from the tech billionaires and their companies is going to either bring us all to serfdom like that described among the Meta workforce and far worse for those who the billionaire boys don't make money off of and death for anyone who isn't profitable to them. The RFK jr - Stephen Miller neo-eugenics which is sounding ever more like 1920s Nazi propaganda is greasing the skids for that. And I really mean that.
I would bet that about ten thousand high school chorus members around the country who aren't pretending to be the Patel's honey pot as he lives with a gay millionaire in Vegas could have done a better job.
As to Trump. I think he's been inhaling too much while they were putting it on.
I DON'T KNOW HOW IGNORANT OF HISTORY you can be and still be able to type but there was this thing call The Third Reich that couldn't exist without apartheid, genocide and Lebensraum and a large part of the world found it necessary to destroy it in about as terrible a war as has ever happened. No state that can't exist without any of those should exist, in combination they certainly mark that state as one that shouldn't be allowed to stand as it is. I am proud of my parents as being among those who volunteered to defeat Nazism. Both members of the military in WWII.
Ignorance of history is a danger to democracy. By that I mean an accurate knowledge of what has really happened, not Hollywood, TV documentary "history." Not "lost cause" bullshit "history." Not Stephen Miller approved, racist Trumpzi "history."
It's one of the worst things about the teaching of history that it goes from early to later. I remember as we spent several weeks in "American History" in school on the stupid details of the "age of exploration" bull shit and so barely got to the First World War by the middle of June. I now know why that was, because the closer you got to the history of today, even then, that it would be controversial because telling the truth about American history and America's history in the 20th and 21st century would show America in about as bad a light as telling the truth about the genocide, land stealing, the concentration of wealth by the slave-holders and financiers who brought on the Revolution and wrote the Constitution with all its many evils and defects. If we are really interested in having a real democracy, having People learn history relevant to us achieving and obtaining equality and, so, democracy and learning those things that have prevented that and endanger that throughout our history, is not optional. Movies and TV and internet slop that lies about that will need to be suppressed. I think that's as obvious as the fact that we need to overcome and defeat the white supremacists and billionaire-millionaire enemies of equality and democracy if we are to become a democracy (in any use of the word that deserves that name) and to retain it. Laissez faire is irresponsible, it just lets the rich and the morally depraved do their thing and corrupt everything.
I knew a guy in college in the 1970s, from California, who really and truly didn't know that the Second World War wasn't just a Pacific basin war but had a large part of it that happened in Europe, the Middle East and in Western Asia. One of his fellow Californians told me that they didn't really teach history in California, she'd gotten an A in her history class by writing and singing a nice song. Back then he was a bizarre anomaly, in New England, at least. Now it seems a lot of that is news to the college credentialed population generally.
As the constant lying which produces America's funding and support of the Israeli genocide, the Nazi regime could not have existed without constant, flagrant and dominating lies. Lies spread by the media, the print media, the new media of radio and the movies, lies told in organized groups, lies spoon fed to the young through things like the Hitler Youth.
Telling the truth about the present and past is about as radical an act there is, lying is always a help to the most retrograde and evil. It is one of the consciously articulated themes of my posting comments and pieces that the idea that there is some "right to lie" is one of the greatest idiocies of the Constitution, the Bill of Rights, the legal system that we either retained or developed and our general culture and discourse.
As that comment you objected to about Danny Danon's blatant lying about Israeli genocide pointed out, LYING IS THE MOTHER'S MILK OF FASCISM, whether that is Israeli genocidal fascism or American, also genocidal in aspiration, white supremacist billionaire-boys-club fascism.
Anyone who believes themselves to support democracy who believes there should be a "constitutionally protected right" to lie is as stupid as those Trumpers in '26 who still believe his lies with all their absurdity and immediate self-contradiction. I would include the entirety of the Harvard Law School faculty who I'm aware of, probably every other major law school faculty, the goddamned ACLU, a huge proportion of the legal profession, the corporate media (having lies have the protection given to it by the idiotically vague and democracy destroying First Amendment is a boon to their financial interests) and pretty much all of the idiotic lefty media.
Of course Danny Danon (an actual, life long fascist*) constantly lies, of course Trump (the previous comment in parentheses applies here,too) lies all the time. Of course the "Israel right or wrong" crowd lies just as certainly as Republican-fascist favoring media lies on behalf of Republican-fascism. Fascism can't live when People know the truth, it's what sets People free. Which is why our First Amendment, and especially as it has been made to be by the Supreme Court,is actually one of the things most in need of revision if we are to not revert into white supremacist fascism of the kind that sustained America's genocide and slavery and de facto slavery even after the Civil War, the passage of the Civil War Amendments, into the Jim Crow period and now in the John (Roberts) Crow reversion to American apartheid. America will never be a democracy until things such as white supremacy are actively and effectively disempowered and driven into extinction. And Israel will never be a real democracy until its like is extinct there. If it can't be one, well, real democracy, egalitarian democracy is the one and only legitimate form of government. That is the one thing that Thomas Jefferson got spot on in the Declaration of Independence we are about to so hypocritically celebrate in a few days.
* From his youth, as a member of Betar, a youth group founded by the fascist Jabotinsky and which, in the US, even the ultra Zionist ADL calls a hate group.
With An Extended Version of The Great New Hit, "They About To Drag You" with hilarious draggings from the internet.
I'll add that I've come to the conclusion that the roughly 1/3rd of Americans who are still with Trump after the past 500 days are hopelessly stupid, mostly feeble-minded white supremacists who have to be defeated continually, made discredited and held to not hold any legitimate ideas. They need to be dragged into impotence where even the uninformed don't want to be associated with them. They are a danger to us, a burden to us, a national disability as they have been from the start. If Democrats take control they have to dump the idea of ever being fair to them ever again, DON'T BE FAIR TO FASCISTS, DON'T BE NICE TO NAZIS, DON'T BE SIMPS FOR SUPREMACISTS.
And I apologize to "Simps" for using that alliteration in this context.
HATING A "COUNTRY" IS IRRATIONAL BIGOTRY. The idea that someone could hate a group of millions of People with any honest reason might apply to some People but it doesn't apply to me. I can say that I despise anyone who could knowingly support the Israeli government in place or, in fact, any of those which have been in place for the entire time of their war on the Palestinian People. The fact that Israel is a democracy of the sort that the South African apartheid government was means that those who supported that government are accomplices to their crimes. And their lies. Listen to the flagrant and typical lying of Israel's Ambassador to the United Nations, his typical Alan Dershowitz tactic of lying and talking over someone who refutes his lies to shied Israel from its genocidal policy that is exactly the one that Stalin imposed on Ukraine and other governments have been damned throughout the centuries for using as a means of controlling and killing helpless and subjugated People.
That kind of blatant lying in defense of genocide, intentional mass starvation, apartheid and Lebensraum acquisition AND NOW SELLING OF LAND STOLEN FROM PALESTINIANS, THE WHOLE POINT OF IT, is OK with a majority of voters in Israel. I most certainly hate the Israeli government, this one, the ones which have been in place since the ascendancy of the Facists since Begin's first one was formed. I hate the alleged Labour governments which did plenty of displacing and stealing land and killing and stealing right from the start, Israel was born in that kind of violence as all colonial project nations are. It is a stain of sin that the United States will never and should never be allowed to forget, the effort to atone for that and similar sins such as slavery, the subjugation of Women, etc. should be what rules our politics, instead the force of evil, our indigenous form of fascism, white supremacy has steered our politics as the slave holders and financiers who wrote the Constitution intended it to. Israel's sins are exactly the same kind as those of the United States, I oppose those here, I'm not cutting a foreign country, Israel, any slack that I won't for my own country.
I don't hate anyone who has opposed that or who has come to oppose it after the undeniable spectacle of Israel's genocide in Gaza, the West Bank and Lebanon, I despise anyone, Israeli, American, Canadian, European, etc. who supports the country that does that. As I have pointed out, in the United States the majority of them are not Jewish, I would be very surprised if American Jews by a far higher percentage than non-Jews have been or are now opposed to the entire Zionist project which has gone the way that Hannah Arendt, Albert Einstein, and many Jews in the 1940s and onward predicted it would go, full on fascist. Some of the worst of the American Zionists are dispensationalist pseudo-Christians who bought into the Scofield Bible bullshit dispensationalist scheme and there are millions more of them than there are Israeli fascists to despise. If I "hate Israel" because of the genocidalist racists and apatrheid supporters there, I'd have to hate the US as much on account of those "christian" Zionists here. But I certainly don't because I don't hate the Americans, Jewish and Gentile, who oppose it.
but I feel I have an obligation to post periodic reminders that the "AI" bubble is gonna burst. And the billionaire rush to get those IPOs is because they know that their con job is about to explode in a way that makes 1928 look quaint.
I've looked up a few of the issues cited in this video and came to an article that noted how many times Kirk took the 5th when he was deposed by the January 6th investigation by the House. If I have the time I'd like to go through a transcript of that to see exactly what he and his liar, uh, that is lawyer thought he was exposed on. I can't vouch for some of what is said but, then, the Kirk cult can't honestly vouch for much of anything their idol said.
He was a terrorist who is on video and record as saying that all of the school shootings, all of the church shootings, all the nightclub and concert and movie theater shootings, all the gun deaths were worth it. I've heard that the millioniare who funded his start up fascist organization was against Covid-19 protections and he ended up dying of Covid and Kirk the gun death diminisher died by gun death. It's not often in this life that you see such clear examples of people reaping what they've sown.
By the way, I'm not much of a tee shirt wearer, at least on the outside, but I'd wear one that said what that guy's says, "Make Lying Wrong Again."
nor most of the other Hollywood A or B or D listers, even those who market candles that supposedly have the aroma of their genitalia, but I listened to this profound moral indictment of her and after looking up what it was a response to, a terrible chill of familiarity physically came over me, from my legs up through my back and into my scalp.
The sense of bliss among the rich and "spiritual but not religious" is something I've noted here before, for example the "Buddhism" of Mark Zuckerberg and others. A secondary issue that especially struck me is the perverted concept of "freedom" that is handled so insightfully and, I most respectfully will say, poetically in this poem of moral outrage is one I hope to say more about soon. The perversion of the concept of freedom, especially when it is called "liberty" in the modern English speaking world is among the most dangerous of distortions, something perennially relevant here in the land of the supposedly free and the supposedly brave.
But what struck me also, apart from the citation of the ongoing genocide against the Palestinian People by the Zionists and the safe, passive, filthy rich supporters of the last European colonial project with their own sweet asses planted on North America or Europe, is that it reminded me entirely of this.
Campo Di Fiori
In Rome on the Campo di Fiori Baskets of olives and lemons, Cobbles spattered with wine And the wreckage of flowers. Vendors cover the trestles With rose-pink fish; Armfuls of dark grapes Heaped on peach-down.
On this same square They burned Giordano Bruno. Henchmen kindled the pyre Close-pressed by the mob. Before the flames had died The taverns were full again, Baskets of olives and lemons Again on the vendors' shoulders.
I thought of the Campo dei Fiori In Warsaw by the sky-carousel One clear spring evening To the strains of a carnival tune. The bright melody drowned The salvos from the ghetto wall, And couples were flying High in the cloudless sky.
At times wind from the burning Would driff dark kites along And riders on the carousel Caught petals in midair. That same hot wind Blew open the skirts of the girls And the crowds were laughing On that beautiful Warsaw Sunday.
Someone will read as moral That the people of Rome or Warsaw Haggle, laugh, make love As they pass by martyrs' pyres. Someone else will read Of the passing of things human, Of the oblivion Born before the flames have died.
But that day I thought only Of the loneliness of the dying, Of how, when Giordano Climbed to his burning There were no words In any human tongue To be left for mankind, Mankind who live on.
Already they were back at their wine Or peddled their white starfish, Baskets of olives and lemons They had shouldered to the fair, And he already distanced As if centuries had passed While they paused just a moment For his flying in the fire.
Those dying here, the lonely Forgotten by the world, Our tongue becomes for them The language of an ancient planet. Until, when all is legend And many years have passed, On a great Campo di Fiori Rage will kindle at a poet's word.
I've got a serious health issue to deal with, on my own, I can't afford medical care for it, thanks to the Republican-fascists, so I can't give a fully up to date answer. But here's one I gave as the last of the New Taney Court was being installed by them. Though I will note that the refusal of Republican judicial nominees to even admit that the Constitution says what it unambiguously says, as has happened over and over again as Democrats have asked them to admit that is a routine event before the Republican-fascists in the Senate confirm the worst nominees to courts in modern history. AND THE GODDAMNED AMERICAN FREE PRESS HASN'T HAD MUCH OF ANYTHING TO SAY ABOUT IT. The goddamned free press has proven that unless they are required to tell the truth in service to democracy they will be about as reliable a protector of it as the modern Republican Party.
Thursday, October 15, 2020 Don't Let The Wrapper Fool You Amy Coney Barrett Is Cold-Blooded Legalistic Evil "Men like to substitute words for reality and then argue about the words," Edwin Armstrong, inventor of regenerative circuitry, superheterodyne circuitry and FM transmission*
In Amy Coney Barrett's near total non-responsiveness to Democrats, even to the extent that "textalist" fraud would not even note that the clear text of the Constitution does not give a Trump the power to delay the date of an election and that it specifies, exactly the minute that a Trump's term of office ends and if he refuses to go he is a criminal, she showed that she might be less full of macho bluster than her colleague Brett Kavanaugh but she's every bit as dangerous and dishonest as he is.
I have listened to a number of the exchanges with some of the Democratic Senators that show her cold-blooded method of looking for ways to do terrible things, something that her fellow Republican-fascist judges and "justices" do all the time, something that is all too common in the legal profession which has done so much to earn the disdain that so many of us feel for it. I get the feeling that a lot of those lawyers on the Democratic side of the Judiciary Committee must feel finally freed to blow the whistle on how truly evil so many members of their profession are, from sleazebag lawyers in service to oligarchy to the judges they argue in front of to the Supreme Court.
I think Senator Sheldon Whitehouse's dissertation on the flood of dark money that the "free speech" rulings by the court have released into the American political system will be a classic in exposure of corruption, corruption which the Supreme Court released even as it was told that this would be the effect of those floodgates being opened so there is no possible claim that Roberts et al didn't know exactly what they were doing. I will point out that for a good part of that the phony-liberal icon, the ACLU was thick as thieves with the dark money interests. I have not looked closely to see if anywhere there is a full study of the funding and associations of the ACLU to see if it has a significant relationship with the dark money machine but if they aren't getting paid to do what they have been able to see will result in this corruption - and they've been doing it for pretty much the entire existence of the ACLU - if they're not doing it for money they're a good example of the total cluelessness of the secular modernist "enlightenment" mindset. But, then, they're the ones who figure the Nazis and KKK should be free to get another bite at the apple despite who gets killed by them. I cannot hide my disdain for the ACLU and the "civil liberties" industry that has given these fascist "justices" the language and the cultural idiocy that has been the tool of such corruption in the United States. I'm sure to have more to say about that as they've got so many real liberals and "leftists" gulled so completely.
I have to say that even those Democrats on the Senate Judiciary Committee who regularly drive me nuts like Chris Coons and Diane Feinstein did a great job this time, though they certainly know that nothing they revealed or said or forced Amy Coney Barrett to reveal by her refusal to answer even the most obvious questions will make the slightest difference to her being put on that putrid court and doing untold damage to untold numbers of people from it. Some of their clear strategy of laying a record wasn't immediately apparent until I listened a second time.
One of those who I think is not often enough noted as a skilled questioner and deep thinker is Senator Mazie Hirono. Her exchage of yesterday exposed the cold-blooded, indifference that Barrett clearly practices that can be shielded by judge talk and lawyer talk and leaglistic babble, the kind of thing that can make the most seemingly respectable, even lovely people self-righteously do terrible things mostly to those too powerless and poor to strike back.
In her exchange with Barrett, Senator Hirono cut through it by noting the discrepancies between Barrett's babble and what she had written in her appalling dissent supporting one of Trumps anti-POOR immigrant policies that even she noted the devastating and dangerous effects it would have, which Senator Hirono supplemented with actual, real life examples of the effects that Barrett wasn't bothered by using legal babble as to why she didn't figure it was any concern of hers. I think one of the reasons that the Federalist Fascist judge choosing mechanism for the Republican-fascist party chose Barrett is that they figure hiding evil behind the facade of a white-woman with seven children would make it an easier sell than another preppy rapist. But no one should fall for the packaging, Amy Coney Barrett is as evil and cold-blooded as Alito or Gorsuch or Kavanaugh, she might even be as pathologically cruel as her hero Scalia or his sidekick Thomas. But I think their timing will make her the masthead figure on the decision that takes away healthcare from tens of millions and probably many more, maybe even on another Supreme Court coup putting Trump back in the presidency. It might seem unfair to put all the blame on her but that's a matter of Republican-fascist choice and the choice of Barrett herself.
I think the last hope of the United States staying together is if there is a big enough turn out throwing out enough Republicans in the Senate that the Democrats will have the guts to expand the courts and force reforms such as those Sheldon Whitehouse exposed that that the corrupt Supreme Court has needed from the start. Clearly they can't be counted on to police themselves, they've been getting away with murder since the start. I was interested to note that one of the cases that Coney Barrett put beyond anyone's questioning was Marbury v Madison, the one in which the Supreme Court gave themselves a power that appears nowhere in the Constitution that Barrett is all "textualist" over. Well, that power is nowhere in the text, it was not put there by amendment, if privacy rights can go, if other rights can go on the basis of it not appearing in the text, why should that corruption ridden court be able to make an exception for that self-granted power which no legislature, federal or state has passed into the text of the Constitution? * Edwin Armstrong is a person who got robbed by the court system on behalf of rich men, some of who claimed his inventions as their property when they couldn't even understand a technical description of what he'd created. I doubt the judges who helped rob him had any understanding of the physics and math behind them and didn't care, figuring in their lawyerly liarly way that "the law" was sufficent to make their judgements real. Only it was the clumsy fiction of the law that gave them that power. One of the things I've read about him noted that he was deeply skeptical about theoretical procedures and thought experimentation and reasoning were more likely to get you somewhere. I think he knowingly made that statement based in his experience with crooked courts and judges who were the servants of the rich and so powerful. Clearly the legalistic practice of an Amy Coney Barrett who can look at the terrible things her rulings create will find legalese to ease any vestiges of conscience she might experience, though I'm not terribly impressed with such problems from her cultic "handmaiden" catholicism. I'll bet she hates Pope Francis.
John Roberts: Everything You Didn't Know About His Sh*tty Past
It is impossible to fully express my disdain for Roberts and the rest of his racist liar Republican-fascist majority, It might be possible that I hate him more than Richard Nixon.
If any so-called Court reform doesn't nullify the Marbury power that has been used to destroy equality, democracy, economic justice, etc. it will be no reform. The Roberts Court's record should be the last straw.
The Wanderer: While under suspicion for the handling of her last case, and with a head full of fury over her "unfair treatment," Tanis Bailey works with her former lover to find his missing mother.
Why You Should Be Getting Ready For A 1928 Size Or Bigger Crash And A Real Fascist Takeover
I have taken the liberty or opportunity to do one of my quick and dirty editings of part of the machine generated transcript of this Youtube of Max from UNFTR and one of his not simple but comprehensible explanations of the financial swindles of the tech-bros and other members of the Epstein class. First, here's the video:
And here's the section I edited with some comments.
Now look at the mission statement. SpaceX says it intends to build the systems and technologies necessary to make life multiplanetary to understand understand the true nature of the universe and to extend the light of consciousness to the stars.
That's not paraphrasing. That is literally the company's mission statement. And 93% of its projected revenue is supposed to come from AI and orbital data centers that don't exist. and probably will never because science.
If your bullshit meter isn't all the way straight to the highest measure over that, you should consider getting a new one.
The wildly optimistic, I would add certainly self-interested space agency presentation of the prospect of a human body being able to stand a trip to Mars is based on what looks to me on extremely dodgy scientific assumptions even when you take into account the extremely unlikely prospect of the fittest human beings being able to survive such an attempted trip to just the very nearest planet in the solar system. Not to mention a return trip and the prospect of a human body long living on a planet of such low gravity and such unearthlike conditions. I would put most of what is presented to the investing public in that regard is most realistically and honestly considered to be science fiction. And I don't mean informed science fiction of the kind that I've been disgusted that so many real scientists are big fans of. I mean the movie and video game junk. You can read through the paper at the link, I'd recommend not taking the mathematical speculations too seriously and note how much of that estimate is based in anything other than already known and widely agreed on physics and biology. The space agencies and its parasitic private corporate entities are quite capable of presenting total bullshit to the public in order to sucker the Congress into giving them money and corrupting the legal bases under which they operate and get funding.
I will, almost certainly, go into a diatribe at the danger of having an extremely stupid, ignorant and credulous ruling class who don't read non-fiction or even good fiction but watch shit like the kind I slammed here earlier in the week. And that rot certainly extends well into what passes as our intellectuals. The best sci-fi in cheap ink on cheap paper is light entertainment, the best of it doesn't rise above that, I mean the Le Guin level of it, no matter what second-rate academics who are at a loss for what to write papers about claim about it.
NOTE WELL before proceeding, public funding is, in the end, what this is all based in because, as noted in the last words excerpted here point out, Elon Musk as so many other tech-bro-Epstein class level billionaires and the mere millionaires who are parasites of that history making grift, are mostly good at corrupting governments into shoveling money their way and rigging the regulation in their favor through dirty money.
So, their own perspectus says, and I'm going to read this directly here, quote,
" Several of our anticipated market opportunities, including certain AI, orbital, lunar, and interplanetary, transportation, and industrial activities are still emerging and evolving or do not currently exist."
And such markets may not develop as we expect or at all. I mean, such markets don't exist, and they might never. But here's where it gets criminal, at least in spirit, if not law.
This IPO would never have gotten off the ground under normal regulatory conditions, because the SEC under the leadership of the administration that Elon helped install just looked the other way while two sets of rules were quietly rewritten. The first one, the NASDAQ changed its bylaws. So, conveniently timed for the SpaceX June listing, in May, NASDAQ enacted what it calls a fast entry rule.
Note this:
NASDAQ changed its bylaws. So, conveniently timed for the SpaceX June listing, in May, NASDAQ enacted what it calls a fast entry rule.
So, under the old rules, a company had to season for at least three months before joining the NASDAQ 100. Most cases, it was up to a year, and it needed a minimum 10% public float, meaning 10% of the shares had to be available to the public. Under the new rules, top 40 companies by market cap can just enter the index in 15 trading days and that float minimum totally eliminated. So SpaceX floated about 5% of its total shares which was an artificially very thin slice designed to create scarcity to drive up the price.
Now under the old rules, it could never have entered any major index. So NASDAQ literally rewrote the rules so SpaceX could get in. And this is hugely important. See, Musk made early NASDAQ 100 inclusion a condition of his listing there. So, they had to do it and they complied. They didn't have to do it. They just complied. Okay.
They didn't HAVE TO DO IT. They just complied! That is if they wanted this con job to be listed there, if THEY wanted to be in on the con, they had to do it.
So, you might be thinking, "This is just Wall Street nonsense. Why is this important to me?" I'll tell you. It means that every ETF, every index mutual fund, every passively managed retirement portfolio that tracks the NASDAQ 100 is now required to hold SpaceX without choice.
Notice this, that your mutual fund or retirement might be tied to this without you even knowing that. This is what happens when you trust them, under US law, under our Constitutional system as defined by the Supreme Court and as a Congress and executive produced by the regime of lies and money-corruption in our politics which the line of Supreme Court rulings I rail about regularly, permitted AFTER THE POST-WATERGATE CLEAN ELECTION LAWS WERE EVISCERATED IN THE NAME OF THE "FIRST AMENDMENT." That absolute fact that this is ultimately a product of the corruption of our elections allowed by Buckley v Valeo and its progeny is about to become the dominant issue in this analysis. The corruption that the Supreme Court allowed by knocking down that 1970s bipartisan effort to clean dirty money out of our politics has produced this.
So, if you have a 401k that includes an index fund with any exposure to the NASDAQ, congrats, you are an investor in SpaceX, whether you know it or not or want to be. Passive flows into the deal were estimated to be nearly $50 billion. Now, the second issue is the lockup period. Standard IPO lockups keep insiders from selling for at least 180 days. The idea being that executives and early investors have to live by the company's performance instead of cashing out as soon as they go public. SpaceX used a staggered lockup schedule.
So most early investors like sovereign wealth funds from the Middle East, members of the so-called PayPal mafia can begin selling 20% of their stakes at the first quarterly earnings call, which is right around the corner. Now, Elon's lockup is longer, but early investor exit liquidity was essentially baked in from day one. They changed the rules and the SEC allowed it because this is Trump's SEC.
The whole thing is probably going to be a pump and dump, and it's not the only "AI" IPO that is happening right now. I think there are at least two others if not more.
This almost certainly would not have happened if Joe Biden or Kamala Harris was president right now. Remember that when the crash comes, as it will. I don't hold any stock but I'm taking my meager savings out of anything except an insured savings account because I have no idea if that would be secure but I do know that it's in the bankers' interest that people still deposit money into their banks.
Now, let's talk about what we've actually done here. Because beyond the IPO mechanics, beyond the accounting tricks and the rule changes and this bizarre mission statement about extending the light of consciousness to the stars, we've handed one guy an unlimited war chest. And look what he did the last time. He had a pretty sizable one. He contributed $200 million more to the 2024 election. And analysts have subsequently determined that it was about roughly 115,000 votes in key swing states that determined that outcome. So did his money make a difference? You tell me. But here's the scale. 200 million today represents 2000s of 1% of his net worth. What are we doing? With the capital raised in this IPO, Musk can acquire dozens scores, maybe hundreds of other companies. He can buy his way into AI dominance even if he never builds a data center in orbit. He can own and reshape entire industries.
We've already seen what his vision of AI looks like, though. It's Grock. It's unsaavory and it's unstable. But we've given him the means to own the whole board. And so, let's be really clear about something. Elon Musk has never ever run a company that turned a profit on its own merits.
I've been trying to warn my loved ones who invest money in stocks and market funds and the like to get out of it while the getting is still possible, in every case to no avail. Their brokers can talk a good line. But I've got to try.
Of all of the many podcasts and such that I increasingly find is better than any corporate news or what you'll get from NPR, Reese Waters' is one I rely on daily.
I'm tempted to say let's ignore July 4 for the duration of the exile of democracy from the US but this makes me want to TAKE IT BACK FROM THE FASCISTS, THE WHITE SUPREMACISTS, FROM THE POMADE PETE KEGBREATH RACIST DRUNKS.
