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 0% Faustian Bargain: The Bill Is Due
"They bet it all on the jobless consumer. Because they were too fucking stupid to realize there's no such thing" Which sector benefits the most from low energy prices? Transports. You can't make this shit up: "By the end, airlines were missing revenue estimates because there were not enough oil industry workers to fill the airplanes..."
The two weakest sectors are Energy and Transports: