Ponzi World (Over 3 Billion NOT Served)

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, April 12, 2016

CHINA 2016: The Madoff Dynasty

When one portfolio manager smoothes his returns, it's called the world's largest Ponzi scheme. When the world's largest country smoothes their returns, it's called "GDP"...

"The National Bureau of Statistics then-chief defended the credibility of GDP data in January -- days before news he was being investigated amid the government’s campaign against corruption. "