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, January 18, 2016
DAVOS 2016: 0% Humanity
"The 'Fuck you Jack, I'm Ok', historical experiment ended suddenly and violently" "In the end, greed bankrupted itself..."
"the wealth of the poorest half of the world’s population has fallen by a trillion dollars since 2010, a drop of 41 percent. This has occurred despite the global population increasing by around 400 million people during that period"
"Although world leaders have increasingly talked about the need to tackle inequality, and in September agreed a global goal to reduce it, the gap between the richest and the rest has widened dramatically in the past 12 months."
The Globalized Ponzi scheme exists, because today's robber barons don't give a flying fuck about anyone except themselves. Their wealth is a zero sum game. They are Bernie Madoffs on steroids, with the conscience of Charles Manson.
To say that history won't be kind is an asinine understatement.
In meltdown mode, their fake wealth will have the shelf life of a rotten banana.