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.
Friday, February 19, 2016
Velocity of Collapse: Measuring Acceleration
Oil (black), Average U.S. Stock (red), Yen/Yuan (blue) currency pair Duration of bottom to top "rally", past 6 months:
