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 15, 2015

Bounding Into The Abyss

One of the problems with psychopaths is that they can never admit when they don't have a fucking clue what they are doing

The ECB started its much anticipated bond buying program this week, the goal being to buy up sovereign bonds, thereby lowering interest rates, and "stimulating the economy"

The Post-2008 European wreckovery visualized:

German Bond Yields, since 2008
Interest rates are only about 3% lower than they were during Lehman...

Liquidity Trap

"A liquidity trap is a situation, described in Keynesian economics, in which injections of cash into the private banking system by a central bank fail to decrease interest rates and hence make monetary policy ineffective. Common characteristics of a liquidity trap are interest rates that are close to zero and fluctuations in the money supply that fail to translate into fluctuations in price levels."

Japanification: A society that lies to itself constantly while everything goes down the drain.