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.
Friday, April 24, 2015
Globalization Has Almost Finished Equalizing Incomes
"It could be called the Great American Dichotomy: As the rest of the world struggles, the American economy continues to slowly grow. But some traders say that investors are making a big mistake if they think this divergence will continue forever."
The best illusion the Grandkids' money can buy:
U.S. GDP adjusted for Federal Debt:
Total GDP - Total Debt:
A mega-lie, only a corrupt old age home would believe:
To recap, the tallest midget in the circus is borrowing its entire year over year increase in GDP, and then some. The rest of the world is worse off. Europe overall borrows 2% of GDP for a 0% growth rate.
From BRICs to BRICKS: The failure of Globalization
Aside from India, China, Brazil and Russia are all hitting the BRIC wall of reality
The weakest link: Submerging Market rising wedge with Oil: The next leg down breaks the trend line:
Only Ponzi debt accumulation forestalls Third World convergence.