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, June 12, 2015
The Soylent Idiocracy: Euthanized By All Things Fake
Fake economy Fake recovery
Fake change Fake billunaires
The role of the Fed is to prop up the fake stock market so that people don't care that everything real is being sold out from under them. Now, instead of building wealth based upon a real economy, Etraders swap worthless pieces of paper back and forth pretending to be wealthy.
Netflix with Fed balance sheet:
All of which will vanish overnight, when the next buyer of profitless IPOs can't be located.