Belief in the Impossible is All Pervasive

“Complex societies rely on their elites to get things, if not right, at least not grotesquely wrong. The elites need to do better. If they do not, rage may overwhelm us all...”

Too late. Our self-absorbed 'elites' are bumbling and stumbling towards the 'Minsky Moment' which will end this amoral age for good...and yes, there will be is rage...

Let Them Eat Cake

Nickel and Dimed: On (Not) Getting By in America

One of my goals when I started this blog was to use it to vent my rage arising from the slave-based pseudo-economy, in what one would call a more "productive" fashion. However, every time I come across another clueless man-boy explaining why raising the minimum wage is a bad idea, despite the fact that income inequality is at a record high, I literally blow a fucking gasket.

Self-Imploding Capitalism

"The problem with bubbles is that they force one to decide whether to look like an idiot before the peak, or an idiot after the peak" (ZH/Hussman/Faber)

Too late. I already opted for the first option years ago. It was a choice between a low return on capital or no return of capital, so I chose the former. Everyone thinks that they will be that one guy who gets out at the very top - you know, like Alan Greenspan. Fortunately, you don't have to be a retiring Central Bankster to realize that a set of widely ignored factors have coalesced to make meltdown inevitable.

Capitalism taken to the logical extent possible will inevitably self-implode with extreme dislocation.

In Bernankenstein We Trust

Today and tomorrow are Bernankenstein's last Fed meetings as Chairman of the Federal Reserve. Exactly 8 years ago this week, Greenspan retired and handed the reins to Bernanke. That handover marked the exact top of Greenspan's housing bubble. It's hard to beat that kind of timing, but Bernanke is going to give it a shot...

Kill Globalization: Save the Blue Planet

The Human Disposal Machine Is Self-Imploding, Ever More Violently: 
A society can be dumb, or it can be greedy, but it can't be both

Bonfire of the Vanities: Epic Hubris to Mass Psychosis

Note to Bill(ionaires): Try not to shit your pants when your slave trade ends with a big fucking bang:

The world's richest man says that the end of poverty is in sight by 2035. However, as it stands now, globally, 1% of the human population has twice as much wealth as the bottom 90%. So, apparently Gates hasn't figured out Microsoft Excel yet. Suffice to say, it's amazing how much patience one can have for failed economic models when others are doing the suffering, and the next Davos Summit is around the corner: http://ponziworld.blogspot.com/2012/09/state-of-globalized-ponzi.html 

This Graceless Age...

Leaves nothing left to believe in, beyond its demise.
The consumption-oriented lifestyle could never scale across 7 billion people, hence Globalization was never more than an openly accepted form of slavery. As long as someone else's children were doing the suffering, the wealthy nations never questioned the system.

Global policy-makers saved the globalized ponzi scheme from itself in 2008. Now, having squandered all resources, the odds that they can save it again are somewhere between zero and impossible. The first meltdown was to weaken the model. This next one will kill it, for good...

Voodoo Economics Revisited

Trickle Down Collapse-O-Nomics:

Dow Casino (blue) with U.S. Labor Participation (red):

Self-Interest Isn't an Ideology It's an Instinct

Like Two Dogs Fucking On the Lawn. It's What they Do...

History (and commonsense) warn us that decadence yields directly to anarchy. When a nihilistic citizenry is only capable of looking after its own self-interests then there is no agreement on anything, there is only zero sum rent-seeking, campaigning, and stagnation. There are no shared values or common causes to build upon, merely constant petty bickering and lack of progress in every direction. Sound familiar? It should because it's the overriding reason why this decadent society is like a 400 pound fat man who can't get out of his own way. The veneration of greed and self-interest has created a culture of exploitation that has cannibalized the entire economy starting from the bottom and working its way to the very top. The billionaire beneficiaries and their frat boy flunkies will be the VERY LAST to figure out that this is all going away, to be replaced by a model not of their choosing...

Slowly at First, Then All at Once

A "Stealth" Collapse in Broad Daylight
Only a profoundly decadent society could blindly accept the inherent corruption of the status quo. Suffice to say, collapse will come like a bolt of lightning from the clear blue sky to the decayed masses - it will be a "stealth" collapse for a society with its head shoved up its own ass...

Put A Fork In It: The Collapse in Globalization Is Well Underway

It took five years of Extend and Pretend, but global thought dealers have finally squandered enough financial resources to kill the globalized ponzi model once and for all. An army of Harvard frat boys plus 520 global interest rate cuts combined with $33 trillion of fiscal and monetary stimulus, can't put Humpty Dumpty together again...

A Conspiracy of Dunces Revisited

Today we got some good news and some bad news. The good news is that multinationals and frat boys have created a lot of jobs in the past year. The *bad* news is that they were all $.80 cents/hour factory slave jobs in China...

Aw Fuck, Not This Again !!!

This society specializes in ignoring risk...

Collapse-O-Nomics Revisited

When policy-makers went dumpster-diving in 2008 to rescue globalization from the dustbin of history, they were not saving us all from depression, they were saving the Bush Tax Cut for the ultra-wealthy (now locked in by Obama), they were saving the doubled post-9/11 military budget, they were saving two ongoing military blunders, and they were saving McMansions and shopping sprees. In other words they were "saving" the inherently unustainable from its own inevitable collapse. It was all premised under the profoundly specious Krugman Assumption. In doing so, they didn't save us from depression, instead they guaranteed a depression...

Globalization for Idiots

When all of this collapses like a cheap tent, people will probably want to know why...

UNPRECEDENTED RISK

We are kindly reminded here at the beginning of the New Year that investment risks faced today now EXCEED those seen at significant prior tops from the past century...

GPS: Meet the Brick Wall of Reality

No sooner had I published my diatribe on "A World Without Jobs", than Fareed Zakaria came on CNN to tell us about the "end of globalization". As many know, there is a nascent trend towards local sourcing for food, products, now 3D printer-based manufacturing....

Mad Men Are Creating a World Without Jobs

The Lost Boys still haven't come to terms with why there are no jobs in this economy. They desperately need to believe that it's all due to failed government policy. They are right on one level, the egregiously errant government policy was to turn a blind eye to what the private sector was doing by selling off the economy. Suffice to say that the real economy will in no way improve and there will be no net job creation until such time as the corporate frat boys and their corrupt apologists are forced to come to terms with what they have done to their own country...

Frogs In Boiling Water

The stoned masses are being stewed to death in a lethal cauldron of monetary dopium, frankenfood and garbage culture. Monetary dopium has artificially dampened financial volatility giving investors a totally fake sense of comfort as economic fundamentals continue to deteriorate in the background. Frankenfood has thoroughly clogged minds and bodies, rendering judgement and energy levels down to zombie-like levels. For the majority, it's hard enough to focus on one's own day to day personal issues much less to focus on the macro-issue freight train bearing down in the distance. And what can I say about garbage culture that "My Teen is Pregnant and So Am I" presented on the The Learning Channel, doesn't say for itself...

Primed for the Globalization Death Blow

The events of 2008 couldn't kill the globalized (wage) slave trade. Policy-makers reached down into the toilet of history and rescued the globalized ponzi scheme from itself. It never once occurred to them that it's logically impossible to indefinitely sustain a system that is inherently imbalanced with respect to supply and demand. However, it's the actions taken since then that are critical in setting up the final death blow to globalization. The squandering of fiscal and monetary resources, the mass outsourcing of remaining jobs and industries, the renewed speculation and risk taking. It had to be this way. Had policy-makers made any incremental attempt to "reform" the system post-Lehman, they very likely could have nursed this globalized fiasco for another decade or more. However, given the renewed vertically manic disposition of markets, there is minimal chance of that happening now. 2008 weakened the foundation, and the past five years squandered all support. Now will come the death blow...