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👉✅ Breadcrumbs - Episode 39: When a Trillionaire is the New Billionaire [YouTube Cut] 👉 To know more, follow: https://www.youtube.com/@onwardatlast/videos 👉🌍Welcome to Episode 39 where I focus our conversation on the narcissism at the heart of our economic system. Narcissism is excessive interest in or admiration of oneself. With the completion of the Initial Public Offering for SpaceX valued at $1.77T, Elon Musk has officially become Humanity’s first trillionaire. SpaceX’s official mission statement: ‘To revolutionize space technology, with the ultimate goal of enabling people to live on other planets.” Investors paid nearly $2T to own a company that had 2025 revenues of $18.7B and net income loss of $4.9B, and whose mission is to enable people to live on other planets. With an IPO valued at $1.77T, investors paid 95 times 2025 revenues for a company that lost $4.9B. How much is $1.77T? In Episode 32, I discussed the resource abundance threshold for U.S. households is $110,000 in annual income. $1.77T would cover the resource gap for the middle 20% of U.S. households or 66 million Americans, and 26.2M households in the next lower 20% of household earners for a total 1-year gap coverage of 93 million Americans. In Episode 23, I discussed the Price Gap Agreement which confronts the housing affordability crisis in America by impowering impact investors to help middle class families afford green certified homeownership, and who would then help lower income families afford quality rental properties. The Price Gap Agreement scales nationally in an innovative program proposal that would be managed by the Federal Reserve. $1.77T would cover the 10-year capital (~$1.55T) provided by the Federal Reserve to finance 5 million green certified homes financed with 95% LTV mortgages with 30-year fixed rate mortgage rate of 4.85%. How did we get here? Enjoy this YouTube Cut of this very important conversation where I reveal how narcissism is the heart of our global economic system. And if you want to watch the full episode, please consider joining the Breadcrumbs community as a Standard member on Patreon. You will receive full access to all the full-length video episodes, supporting research, free gifts valued at over $20, and direct email access to the host where we can deepen the conversation. Breadcrumbs Standard Member link: https://www.patreon.com/c/the_breadcrumbs_podcast/membership Additional Resources for this Episode - Economic Reward Assessment - SpaceX IPO [Provided by Calude.ai - Opus 4.8]: https://docs.google.com/document/d/1nR7DySP7emMNDjISj0faQRKjp8XQTH3a/edit?usp=drive_link&ouid=113447225138819119617&rtpof=true&sd=true Low Interest Mortgage Program - National Scale: https://drive.google.com/file/d/1FDYBMtEEQm5-sIN9RF8UvfOG8sZTT7Ig/view?usp=sharing Death of Shared Prosperity Analysis [Provided by Claude.ai - Opus 4.8]: https://drive.google.com/file/d/1fu2PP-scaLzoSsxE5rZPiywrnCLrmvGb/view?usp=drive_link Access to the American Dream Assessment [Provided by Claude.ai - Opus 4.8]: https://drive.google.com/file/d/1oIzATJyT0-Dj0k1y61Fq0kmdnU_We2cB/view?usp=drive_link How American's View the American Dream? [Axios - WSJ Poll]: https://www.axios.com/2025/09/02/belief-american-dream-hits-record-low What do Americans under 30 think of Socialism or Communism? [CATO poll]: https://www.cato.org/blog/81-say-they-cant-afford-pay-higher-taxes-next-year Breadcrumbs - Episode 32: Scarcity is Obsolete: https://youtu.be/VGkzE4HuvpQ Breadcrumbs - Episode 23: Show Me the Money: https://youtu.be/XPvgEqUNF_M Purchase Links for Onward, At Last - 2024 Presidential Election Edition - Hardcover: https://www.barnesandnoble.com/w/onward-at-last-kevin-howard/1142437159?ean=9781639886302 Paperback: https://www.barnesandnoble.com/w/onward-at-last-kevin-howard/1142437159?ean=9781639886081 Audiobook Narrated by Carolyn Jania: https://books.apple.com/us/audiobook/onward-at-last-2024-presidential-election-edition/id1656162437 Book Club Condensed version: Paperback: https://a.co/d/eLXCDrE eBook: https://a.co/d/axmUVeo

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