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.
"By the end, the consumption-oriented lifestyle was killing zombies at a rate that made ISIS look like amateurs" "Just faking it all the time was taking a massive toll..." Two years to nowhere: The Global Dow (all world exchanges) is stalled at a level reached two years ago - and before that 2007:
Who likes charades? France CAC (20 years):
London FTSE, back in 1999
"How to defeat ISIS?" Does Faux News really want to defeat ISIS or just sell more advertisements? It's the new McCheese bomb. It's a weapon of mass destruction - toxic waste that zombies eat like candy...And they only cost $1 each, but the Pentagon pays $5,000/per
Weapon of Mass Destruction:
The Idiocracy's greatest enemy, McChucks, is up 33% since August (215% annualized). Who knew that killing zombies would be so profitable?
"We can't afford universal health coverage" Indeed.
The glazed doughnut club has not even the slightest clue that the carbon shut-off program has been in development for seven years now... They don't "believe" in global warming, and yet they cling to their own hubristic self-serving lies. All good. All that's needed for maximum carbon reduction is for cynical bullshit artists to keep blowing smoke up everyone's ass while their beloved status quo gets liquidated for special dividends. The biggest contributor to global warming is exceptional blowhards making fake promises at climate conferences that are broken before the champagne goes flat. All while cynical reality skeptics playing with their colouring books, tell us that it's just a hoax anyway. Glazed doughnut visualized aka. Rush Limbaugh "I entrust my faith and my future to Wall Street, McDonald's, Monsanto, and Exxon..."
Let them believe what they want.
Clearly this won't end without EVERY tool being ALL IN on the insolvent status quo, and we can't get there without the lying circus clowns. Giddyup...
2015: The Big Short. Squeeze. aka. 2008 sans bailouts...
"Under the new rules, the Fed would prohibit emergency loans — or bailouts — to individual companies. Fed Chair Janet Yellen said the central bank would not have been able to bail out Bear Stearns and AIG in 2008."
"The performance spread between the ten largest stocks and the rest of the market is 20% - largest since 1999..."
Unfortunately, it's not 1999. the Idiocracy forgot about this thing called the 'Conomy..." which is far weaker now than it was 15 years ago.
"By the time the major averages collapsed, the sheeple had already been fleeced..." The major averages - flat year over year - are concealing major pain. No one says anything, out of pride - and because they don't want the rest of Wall Street to liquidate their positions... But first, Fed policy by Police Squad: One of these is not like the others...Red line is the Treasury Yield curve (2Y - 30Y). Black line is Fed Funds rate...
CPI (RED, left scale) with Fed Funds rate: "Inflation is anchored to 2% .12%"
To a de facto Idiocracy, everything's a "Black Swan event"...
"When all else failed, they used printed money to boost the stock market, while corporations outsourced the economy for special dividends. The Idiocracy was shocked and outraged when it collapsed with extreme dislocation...it was clearly a Black Swan event, totally unpredictable..." CNBC: Nov. 29, 2015 QE Quarterback: QE Failed to Help the Economy "After three rounds of QE, the central bank has begun to question its own results...Consumer spending over the last seven years has been the most anemic on record...More recently, the head of the St. Louis Fed said there was no evidence that asset purchases provided ballast to growth. To be certain, the Fed's bond buying has its fair share of defenders..." "Let's be clear about this: Printing money is not the answer to every economic ill..." But when you need that "extra push to get you over the cliff". Where do you go?
The Jedi Mind Trick For Stunned Dunces aka. "Over the Cliff" "We pushed the market way above its true value..." Fed balance sheet (red) with interest rates (green)
"Fuck 'em, it can't happen to me..." Foodstamps (recipients) (green) with Fed balance sheet
The Fed is way late raising rates according to the stock market... The last two times momentum was this weak (aka. market top), the Fed was already easing...
Lowest market liquidity in 8 years...
Banana Republic liquidity. One better than 'Lord of the Flies...' Average S&P futures liquidity by year (colour coded) and time of day bottom scale...
When you don't give a fuck about anyone else, no one gives a fuck about you...they have no idea what's coming...Anyone or any company that binges on 0% poverty capital will get wiped off the fucking map. Finally, Free Money !!!
There are now nine massively overbought, overowned, and over-valued stocks holding up the entire market. When the inevitable crash occurs, over-educated dunces (aka. 'PhDs') will inform us it was a "Black Swan" event... Short of a meteor strike, there are no true "Black Swan" events in financial markets. There are only greedy morons onboarding ever more leverage until they implode with extreme dislocation. PhDs coined the self-serving term "Black Swan event", in vain hope of not being labelled serial fucktards with the commonsense of a door knob... As of right now, There are nine mega-cap stocks holding up the entire market: Facebook, Amazon, Netflix, Google, Microsoft, Starbucks, Salesforce, Priceline and Ebay. These nine stocks are up an average of 60% while the S&P is up 1% on the year. Without these stocks, the market is fucked company. "Look, it's a Black Swan event!!!"
CasinoConomy: "No blind man saw that coming!"
The Internet Fund aka. (Google, Amazon, Facebook, Ebay, Netflix, Priceline)
Today's reality skeptics playing with their coloring books, would like to be buried in proof. For once we agree on something... The infantile Idiocracy is bounding head first into the dumpster of history. There's no one to stop them:
To this late date, today's Madoff alchemists have squandered untold trillions to propagate their Potemkin fantasy. They've used every gimmick conceivable to monetize the future. Throwing away their life savings away on Amazon, Shanghai-style, they themselves are the last part of this illusion. And yet they still require more proof... Self-burial costs, and counting: Global Dow with global growth rate (red)
Today's hedonistic, nihilistic, denialists need more proof...
Proof that the planet is buckling from the consumption oriented lifestyle
Proof that Wall Street can't be trusted. Again.
Proof that corporations won't put them out of a job
Proof that politicians are ALL clueless morons
Proof that EconoDunces have absolutely no clue what they're doing
Proof that they're an Idiocracy bankrupting themselves
Proof that Faux News is fake
Proof that Free Trade isn't *free*
Proof that Globalization is insolvent Proof that ISIS is a symptom of a much bigger problem aka. corporate colonialism
That "missing proof" they seek so badly is all going to arrive at the same time. When reality calls the Idiocracy's bluff.
And the Idiocracy folds like a cheap tent amid carbon self-sequestration:
"When 1% interest rates didn't achieve full bankruptcy, they switched to 0% instead. No one questioned 'the system'..." The Free Trade/Free Lunch club imported poverty, and recycled it into low interest rates to subsidize leveraged consumption. All of which made perfect sense to EconoDunces, because there was never any connection made between low prices, low interest rates, and low wages. Implausible deniability being the opiate of the deeply stoned masses... Low prices, low wages, low interest rates. Always:
When 1% for one year ended catastrophically, they used 0% for seven years to finish the job...
Mutual Assured Bankruptcy:
35 years later and 'no one' questioned 'the system':
Fed Funds with capacity utilization:
Jobs / U.S. population:
Fed Funds with consumption sentimentality aka. the last temptation of the Idiocracy...