Corruption Super Explosion

Trump's "Golden Age" is the hyper version of everything that has failed in the U.S. over these past several decades: Greed on steroids, corruption on steroids and record denial on steroids. So it's only fitting that this corrupt era would end with a massive IPO pump and dump at the apex of a massive bubble.

Begin with a quick review of events to date: Having waged a roller coaster trade war for most of 2025, in February 2026 the Supreme Court ruled that Trump's tariffs were illegal. A year of consumer tariff inflation and market turmoil was instantly rendered pointless by the stroke of a pen. One week after Trump's trade war got shut down, he started the Iran war. Clearly he needed a victory to distract from the loss. However, the Iran war has been another total fiasco which has further stoked inflation, with no end to the war in sight. In other words, Trump's sole "achievement" since inauguration has been to cause ECONOMIC pain to the middle class and working class; and yet financial markets are at all time highs, so there have been no consequences to rampant corruption, so far.

Be that as it may, all of that extreme high tolerance for rampant corruption will soon be system tested when the exorbitant private valuations accorded today's mega IPO candidates merge with the reality of lower public market valuations. This is the first time in history when private valuations have been higher than public valuations - which is a big reason that these IPOs were delayed so long - to allow their equity valuations to compound without public market dilution, to the benefit of insiders. Now they plan to dump these massively over-valued turds onto markets so they can "exit" at public expense.

In what can only be described as the apex of criminality, Goldman predicts that SpaceX AI revenue will grow 10,000% in less than five years in order to justify its IPO valuation. In other words it's a reverse engineered number starting with the asinine valuation and working back to science fiction growth rate.

What we see in this chart below is that Trump has made a conscious decision to throw the working class under the bus, but the wealth super bubble is now fully reliant on Elon Musk's science fiction aka. "Data centers in space". The dumbest fucking idea in human history that some mentally challenged dipshit at Goldman has goalseeked 100x revenue against.

We have now reached the SILLY STUPID and LETHAL phase of markets.

Unfortunately, financial markets are already having problems absorbing the SpaceX pump and dump, because in order for investors to buy $75 billion of newly issued stock something has to get sold AHEAD of time.

Which is why Crypto currencies, Emerging market stocks, and private credit markets are all imploding ahead the IPO.

Here we see Bitcoin is declining in lockstep with the private credit market as represented by Blackstone:

In summary, entering the lowest liquidity point of the year (summer), Wall Street is RUSHING to dump a massively over-valued turd onto a massively overbought global bubble. To allow insiders to cash out at the top before it implodes.

Liquidity is collapsing and the dominoes are already falling.

See the corruption, or be the corruption.