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.

Monday, September 21, 2015

The True Cost Of "Free Trade": $Everything

Don't tell anyone, it's a secret.

This just in:
BBG: Sept. 21, 2015
U.S. Trade Deficit With China Widens To $1 Billion Per Day

"Those who criticize free trade don't understand how it works. The Chinese specialize in all of the things we used to do. Like working..."

Death Cross: China Trade Deficit ($Millions) with U.S. Employment:
Trade data from: https://www.census.gov/foreign-trade/balance/c5700.html
Labor Force Participation Rate from FRED

The question that never gets asked: What is the real cost of trade with China with respect to lost wages and economic multiplier effects? We know it's not $.80/hour...