It consumes everything in its path: the environment, jobs, people, local businesses, sustainable "demand", until it ultimately consumes itself. It's the Ebola of economic models, it only ends when it burns itself out. The securitization of financial assets requires ever-greater profits in order to sustain prices. The model doesn't go in reverse. "Less" is not a financially stable option:
[Data from http://www.bis.org/statistics/ar2014stats.htm]
The Scylla and Charybdis of deflation and higher interest rates
The future has been conveniently planned in advance. The 40% increase in debt since 2007 assumes greater future incomes to service those debts. In the context of 0% interest rates, it assumes a lot more income if interest rates ever rise. If interest rates never rise, as appears to be the case, then we can be fairly certain that the economy is never returning from China. Either way, the model is programmed for self-destruction.
Perpetual optimism is the psychopathy that drives Ponzi Capitalism
Half a trillion dollars is spent every year on advertising to brainwash people into wanting more. That amount of money is not spent for nothing. Today's zombies are fully programmed to want only more and to never envision a future that could include less, to say nothing of preparing for such a lesser outcome. The term psychopath may be an overly extreme word for the average zombie, however two key attributes of a psychopath are "bold and disinhibited" behaviour. We are surrounded by that exact character profile. People all around us borrow more, because they just assume that the future will always bring more than the past. They've been literally programmed to believe that, and in addition, the true psychopaths in this equation, those running this entire shit show have constantly assured everyone that the future is always better. Perpetual optimism is the psychopathy that drives Ponzi Capitalism blindly forward towards oblivion.
Most people can no longer afford the truth
Once people go down this path of assuming "more", they then make the commitment of borrowing more, and are then locked in to the debt trap. At that point, they can no longer afford the truth. They now have no choice but to assume more, because less income would bring bankruptcy. The psychopathy of "more" does not go in reverse, Wall Street's alchemy does not go in reverse, and hence ponzi capitalism does not go in reverse.
This entire clusterfuck was the inevitable consequence of placing a reserve fiat currency in the hands of frat boys. They were hell bent on inflating the money supply while deflating the economy (via outsourcing), until the entire shit show exploded with extreme dislocation.
