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.
Thursday, June 11, 2015
Where The Wild Things Are
Prechter & Co. had six years to prove that Elliot Wave can't predict jack shit in real time. And they settled that bet. I will defer to them the next time I can't find a quarter to flip.
The Best laid plans of Dumbfuckistan often go awry: "We found a solution to 35 years of deflation: Export the remainder of the economy to China" Sorry boyz, Third World deflation beckons the Angel Heart society lower, and it's not going to be all shits and giggles:
But before that happens, first, the totally unexpected convergence of Greed and Fear