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, June 2, 2015
The Casino Formerly-Known-As-The-Economy
At the peak of every bubble, Wall Street liquidates its own clients. It happened in Y2K. It happened in 2008. It's happening now. When profitless IPOs and Chinese small caps are the only stocks still going up, amid a non-existent economy, look around for who is still making money...