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.
Tuesday, April 7, 2015
Peak Delusion. Massively Leveraged Insanity
Stock valuations, all time highs Economic optimism at Housing Bubble highs. Consumption borrowing, record high Median household income and wealth at decade lows ZH: Flashing Red
