How It Ends: The Coming Market Crash (Can't Come Too Fast)

Sophia Al-Maria, Black Friday, 2016

I wake up every day asking this question, these end days that never end. To understand when the end, let us start with an apocalyptic theorem. Two assumptions first, 1) we live under a White Empire and 2) it is run by Corporate AI. A stretch, perhaps, but let's bend. Through that lens, then, how are the facts refracted again?

If we assume that White Empire is one thing, then the various wars and rumors of war are one war with one antagonist. All the debates about what Russia is doing in the Ukraine or Palestine is doing in Palestine or China is doing in China are a distraction. The bigger question is, what is America doing anywhere, including in America? And if we assume that America is but the head of one White Empire, it explains the dumbasses in Europe and its colonies, and why 'Israel' is a non-entity.

Then, having a drawn a picture of the beast that hides in the background, like the white of this page, what can we do to draw blood from it, and draw out its rage? To understand what makes White Empire tick, just look at a stock ticker, that's the closest it comes to a heart, and where it needs to take a beating. Thus we can see to the center that cannot hold, lurching towards Bethlehem stillborn, blood dripping from every pore, quoting the raven, Nevermore. The blood pumping through its veins is not votes or opinions but what what buys them both. Cold hard cash, now etherized as hot air, as the beast tries to replace evolutionary fitness with fiat. It is, in fact, running on fumes, but we'll get to that. Historically, White Empire started by feeding the colored continents to the stock market and it ends by cannibalizing itself and outgassing in a champagne supernova. Thus a clue as to how Empire ends, not with a whimper, but with a market crash.

In a roundabout, round the bend way, we return to my question, and the answer I await. How does this end? The genocide of Palestine, the ecocide of the planet, the -cide of everything? It ends in a Greatest Depression and White Empire killing itself.

If we rely on fact and not fiat, this latest incarnation of White Empire is already dead. The imperial economy defaulted in the 1970s and crashed in the 2008. We are in a historical rounding error, that part after an Empire is obviously over but before it's officially done. I have, as a Sri Lankan, lived through many incarnations of White Empire crashing the same way, the Portuguese, the Dutch, the British. Over-extended in war, hyper-extended in debt, it's the same story retold over and over, which yet seems to surprise, again and again. As the character John Tuld in Margin Call said, describing the 2008 crash,

It’s certainly not any different today than it’s ever been. Ever. 1637, 1797, 1819, ‘37, ‘57,‘84, 1901, ‘07, 1929, ‘37, ‘73, and 1987... God damn did that motherfucker fuck me up good, 92, 97, 2000, and whatever this is gonna be called.

The only thing I'd add is 1720, the South Sea Bubble. They'll call the 202x crash the AI Bubble, but it's really an everything bubble. The entire imperial economy is all bullshit $10 beers and $1,000 ambulance rides and $100,000 cars and $1,000,000 houses. What they call GDP is just grifting, rampant inflation disguised as innovation and speculated upon endlessly. AI is just the biggest bullshit they could think of, a literal bullshit engine that churns out high valuations without value. It's like the South Sea Bubble all over again, where randos claimed they owned Argentina and all the argent in it, but they didn't, and it all came crashing down tout suite. That crash was so bad the corporate form was sorta banned (really monopolized), and this crash will be that bad.

That is the answer to the question you didn't ask, what will stop White Empire, and the Corporate AI running it? What will stop it is what started it, the cash, though let's not be crass. They haven't used cold hard cash since they defaulted off the gold standard in the 1970s, when they actually actually crashed. They've been running on ‘fiat’ ever since, which is a fancy way of saying the Empire has no clothes but the courtiers are all getting a cut, so shut the fuck up. So it's been Weekend At Bernie Madoff's for a few decades now, until the stench is just too much. For a few decades more they continued doing what they were doing before, raping continents and cultures for profit, gambling on gains their grandchildren would never see, and leaving them with the doo-doo deposits. They'll keep doing this till the end because this is the only way this ends. They are not human, they are it, and it is all about what the rapper Everlast called the ends. As he sang back then,

Some people will rob their mother,
For the ends
Rats snitch on one another
For the ends
Sometimes kids get murdered
For the ends
So before we go any further
I want my ends

So White Empire will end in the great AI crash of 202x, and 'Israel' will collapse as America collapses atop it and the climate collapse gives everyone a kick in the rear end. When does this happen? That's the billion dollar question that some punter will answer and be made movies about, but I for one just pray for the day of judgement. These days, these interminable end days, I feel like Noah, floating paper boats down the inner tubes of the internet, screaming about an Al Aqsa Flood that's already upon us. But they drown it out with blood and bullshit and pretend like everything's going back to normal, but the portents are enormous. You're a fool to say when the crash is coming, but you're a bigger fool to say no crash is coming. It always does, and they've been suppressing this fart so long that it's going to be a big one.

I'm a bit hazy on the date, but it won't be late, the crash is coming, a financial apocalypse that will make the Corporate AI ruining the place finally feel something in the only place they feel anything. The stock market. It will be a heart attack for the heartless, motley fools and their money being soon parted, or as the Black Eyed Peas said a song that defines an era, Let's Get Retarded. A huge economic crash is coming and I, for one, am here for it, and for the Resistance driving a final spear in it; my only fear is that we're forever nearing it, and losing too many dear ones who won't live to see it.