Saturday, November 14, 2015

The Biggest Dunces Are At The Top

Ponzi schemes operate on the biggest dunce theory i.e. the assumption that there will always be a bigger dunce to follow. It all unwinds overnight once the last dunce has been found. Which looks like now...

The captains of the S.S. Titanic leading this entire disaster are by definition the most oblivious sociopaths on the planet. That's how they got there in the first place - they bulldozed their way to the top by whatever means necessary. The "secret" to their "success" is that they don't give a fuck about anyone else. They can't solve any problems, because they are the problem. 

Some tool just spent $70 million on this artsy garbage which would force any parent to lie to a two year old and say it's good. Why? Solely because today's slumdog billunaires automatically assume that there will be an even bigger dunce coming along to buy it from them. And because, being blithely oblivious to the plight of everyone around them, is not a by-product of their success, it's the basis of their "success"

Assuming there will always be another dunce coming along to pay more for your worthless "assets", is the definition of a ponzi scheme.  

Sotheby's art auctioneer: as proxy for marginal dunce...
It looks as though the last dunce has been found