Words alone can't describe the level of risk right now. This isn't about penny stocks and Bitcoin. This is about the real economy which has been dismembered for five straight years, all while the same dunces who caused 2008, implemented an even deadlier form of alchemy.
If 2008 was about the failure of banks and housing. This collapse will be about the failure of nation states and entire economies.
Worse, yet, as I described recently, corporations are leveraged for obliteration. A 2.8% drop in GDP caused a massive 50% reduction in profits in 2008, since then, leverage has only grown substantially, subsidized for five year straight with zero % interest rates.
Meanwhile, social safety nets have been frayed or dismembered. Resources that were supposed to be there for a rainy day, have been squandered in a futile attempt to propagate an inflated standard of living.
The real collapse of course is in morality and basic commonsense. Today's thought dealers got us into this fiasco and there is zero chance they are the ones to get us out of it. This society has a high enjoyment for being lied to constantly. A fatal attraction to all things fake and shiny.
And the financial imbalances that have accumulated due to globalization and resulting debt accumulation, make 2008 look trivial by comparison. The only way they could "save" the status quo in 2008 was to increase leverage to an even greater degree than it was prior to Lehman. The fact that so few "experts" understand this basic outcome of 0% interest rates, is the tale of this entire era. This is a society of total fucking dunces. These over-educated man-boys are not worth the paper their shitty degrees are printed on. This society has created an overabundance of self-absorbed fools who haven't matured past the age of 12. They printed money to inflate the stock market, while the economy was liquidated in the background. Then they stood around wondering why the economy wasn't coming back. No generation in human history has been that stupid.
And the geopolitical situation is like-wise a massively clusterfucked NeoCon induced nightmare. Everything they touched in the past 20 years, turned to absolute shit and yet, even at this late stage with U.S. history's two largest blunders under their belt, they STILL call the shots in Washington.
Zombieland: Humanity Lost
Worst of all - this utter moral collapse below the depths of a fetid refugee camp, despite world wealth at an all time high - can't even possibly be explained with any semblance of rationality. Billionaires ignoring third grade math to tell us about "the end of poverty" while 27,000 people still die every day for want of a few dollars worth of food and medicine. And, while their own citizens are being thrown under the fucking bus and derided as "lazy" for not getting a job, which happens to now be in China at $.80 per hour. I don't even want to think about going through this "ordeal" surrounded by a bunch of self-absorbed zombies who didn't care about anyone else when they were well-off, much less in sheer panic mode. If the eyes are glazed over now, just wait.
And don't get me started on the environment. Suffice to say that any society that lets Monsanto/Coke/McDonald's pump their kids full of toxic waste, is never going to give a rats ass about what happens to this planet. That's a non-starter.
What did I do in my prior life to deserve being a member of this fucked up species?
Something really really bad, that's for sure.
Something really really bad, that's for sure.
