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.
Tuesday, January 12, 2016
The Death Throes of Globalization
All commodities w/global growth rate (black line):
Alcoa: First stock to report 4th quarter profits (last night) Revenues were a tad "light"
