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, November 27, 2015
Dumb Luck Is Not An Investing Strategy
This would be a lot more fun if we hadn't been through it three times in the past 15 years...we could all pretend we don't know how it will end...