Ponzi World (Over 3 Billion NOT Served)

The globalized economy is a colossal Ponzi Scheme in which the vast majority survive on the bread crumbs falling off the table. The possibility of 7 billion people achieving a consumption-oriented lifestyle is zero, so the World Bank conveniently set the poverty line at $1.25/day to legalize global slavery. As long as someone else's children are doing the suffering, it's "all good". Post-2008, this illusion was extended merely by plundering all future generations.

Sunday, January 27, 2013

Let The Banks Go Bankrupt...

A glimmer of hope amid the never-ending futile game of Extend and Pretend being played in the U.S. and Europe. Here the Icelandic President tells how the Icelandic economy is now outperforming the rest of Europe, by doing the exact opposite of what the Goldman Sachs-installed stooges are attempting across the Euro area:

1) Let the banks fail

2) Support the poor

3) Limit austerity measures

4) Allow the economy to rebuild

i.e. Wipe out the debts and start over. It's the only way out of this ongoing fiasco. Meanwhile, this guy has way too much commonsense to be at Davos...

h/t: Zerohedge