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.
Sunday, August 23, 2015
The Arc Of The Idiocracy: "No Blind Man Saw That Coming"
The sudden and "totally unexpected" ending to bad ideas. A long left tail. Vertical right tail aka. "Brown Swan Event"...
"Risks have never been lower"
Emerging Market decimation and -6% weekly drops in the Dow as Etraders get margin called off the map, don't register:
