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, March 1, 2015

Harvard Risk: Intellectual Bankruptcy

This Post-2008 Ponzinomic clusterfuck has consisted solely of substituting liquidity for solvency. That is precisely the definition of a Ponzi scheme - a con job that disguises inherent insolvency (liabilities > assets) by using inbound liquidity to meet short-term outflows (until such time as there is a capital call).

The Bernie Madoffs of our era - of which there are untold numbers in economics, finance, and academia are all just "clever" ponzi schemers. Clever dunces really.

On the other side of this self-imploding Jedi Mind Trick, when the liquidity abruptly recedes amid a $200 trillion stampede of risk asset reallocation, the Idiocracy will be shocked to realize that there is now neither liquidity nor solvency.

It was all an intellectually bankrupt illusion leading to the world's largest financial collapse, without any comparison.