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.
Wednesday, August 26, 2015
Being An Oblivious Fucktard Is Not A "Black Swan Event"
There were no calls to "buy" Lehman. But like reality, Emerging Markets are a land far far away from the Idiocracy...
The Fates could not have conjured up a more fitting and ironic ending to this multi-year charade aka. The Bonfire of the Sanities.
The Black Swan event of a financial meteor striking from some remote far off "never heard of before" place e.g. Malaysia, has not even occurred yet. TBD.
And yet, the slow motion melt-down continues day in and day out, under the asinine auspice of another "buying" opportunity.
True Black Swan events allow for "plausible deniability".
Systematically lowering one's own clients into an abyss and then shovelling dirt on them, does not allow for any historical plausible deniability.
This is reaching the height of asinine... The "event" is called "SELL":