So far, Tesla’s Elon Musk has only been successful at tricking people into thinking he’s a success. One disastrous tweet has finally revealed Elon Musk for what he is: a fraud. Enraged that a British cave diver called his idea to rescue the Thai soccer team for what it was — “a p.r. stunt [with] absolutely no chance of working” — Musk took to Twitter and called him a “pedo.” Just like that, Tesla’s market value plummeted by $2 billion.
That Elon Musk chose the word “pedo” is not fortuitous when one is aware that pedophile networks are now endangering the very fabric of society and that very little is done to expose the criminals. But beyond that, what is nearly as much as alarning is the volatility of the stock market. $2bn lost in just a few hours, just for “one” word, should definitely give one a good sense of the stock market ‘s true nature: a neurotic roller coaster.
The funny — or not so funny — thing is that world stock markets are hailed as tools implementing absolute capitalism. Time for a reality check and to probe the paradox and realize that we can find countless short stories like this in newspapers, magazines and on financial TV channels, where words are the cause behind a massive irrational exuberance or sell-off and a run towards the exits.
What does it mean? That the “word” is everything and shapes our Reality, that monetarism is not as rational as we might think.
As Terence McKenna put it: we invented money which is kind of a multi-transformable drug. It stands for everything, everything you have ever wanted, then you become addicted to money.
Indeed, we should not longer wonder as why materialism is a model spreading violence and poverty since it is moved by neurotic actions and counter-actions. Though money could exist as a positive mean of exchange if we could ever get rid of such irrational emotions. But this leads to a daunting question: isn’t money that generates irrationality in the first place? Both are intrinsically connected and inseparable bed fellows.
In November 2017, Bloomberg reported that the company burns through $500,000 per hour. For two years now, Tesla has been suffering an epic talent drain and in May, two top execs — one the liaison with the National Transportation Safety Board — walked out the door.
Capitalism – and socialism alike – is not a sustainable framework because its foundations are volatility, recklessness and insider knowledge. Expectations have to be embellished to attract financiers and shareholders. Besides anything can happen and disturb the velocity of money, and thus send whatever shares into a dive. It is not just Tesla’s issue but that of so many Western corporations and multinationals out there.
Tesla was founded in 2003, but the world’s largest automakers quickly surpassed Musk’s vision for electric vehicles. Tesla will never catch up. Shareholders are finally catching on. So should the government, which reportedly gifts Musk’s companies with an estimated $4.9 billion in subsidies. Star investor Jim Chanos called Tesla a “walking insolvency” back in 2016. He doubled down in December, saying Tesla is “headed for a brick wall.”… FULL ARTICLE https://nypost.com/2018/07/21/elon-musk-is-a-total-fraud/
Tesla receives government subsidies just as many other American corporations. And the same happens in Europe as well. Just google up “corporate welfare” and see for yourself. What it does tell us however, is that there are only very few corporations that are genuinely self-sustainable and not resorting to slave labor to dominate the markets. Not to mention that in 2016, the US corporate debt was about 26 trillions of dollars alone. Corporate debt has reached dangerous levels across the world and now far exceeds the pre 2008 level… meaning that the entire society rests on Dystopian quick sands because the legacy of irrationality itself is fraud and deceit.
Conclusion: what we have left is a non-competitive unity to defeat all forms of control. Yes the paradigm shift is on the horizon!!
Phantom Shares Part 1
This Bloomberg documentary reports on the $6 billion in fake shares traded daily. Shares that do not and never will exist. This was in 2006 alone!
How To Become The World’s First Trillionaire(s)
quintillions of profit$ waiting to be made from asteroid mining?
Non Competitive Unity To Defeat All Forms Of Control
Tesla Bankrupt But Elon Musk’s Pay Package Could Be Worth $50 Billion?
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