Ponzi World (Over 3 Billion NOT Served)

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, July 24, 2015

Shanghai Surprise: Throwing It All Away At The Top

The spectacle of Chinese investors losing everything was so exciting, the Idiocracy decided to do it here as well...

The state of the CasinoConomy:

Amazon (blue) versus Walmart (red)

Amazon.com just became the world's largest retailer by market capitalization today, overtaking Walmart. The stock is up 17% on news that it didn't run another quarterly loss.

Walmart's (average) single quarter profit exceeds Amazon's cumulative annual profits from the past 21 years since its inception in 1994. This is the most recent quarter:

"In a few years, buying cheap shit from China and selling it direct over the internet, is going to make a huge profit"
[Jeff Bezos, 1994]

"Read the prospectus carefully before throwing all of your money away at the top, like last time, and the time before that."