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.

Monday, February 2, 2015

The Hotel Californication: No Vacancy

The Extend and Pretend exit strategy, is called 'no strategy'
1997 Currency crisis + 2008 housing bubble x 10:

From the psychopaths themselves:

MW: Former Fed Chairman Alan Greenspan [July 27, 2014]:
"Bubbles can't be stopped without a 'crunch'. There's no obvious way to exit this one".

MarketWatch:
"Some economists argue that the economy has just been bubble after bubble and that we’re doomed to repeat this cycle"
Greenspan:
"Well, I agree with that"

[Andy Haldane, Chief Economist, Bank of England]
"Has monetary policy aided and abetted risk-taking? I hope so. That's why we did it,"