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.

Friday, May 13, 2016

"They Bet It All On The Jobless Consumer"

"...because no one told them there's no such thing..."

Modern Economics and *Free* Trade is predicated upon a universal belief in the jobless consumer, who lives with the Sasquatch...

First it was Gap stores, then Macy's, then Fossil, then Kohl's, last night Nordstrom, this morning Dillard's and JCP Penney, ALL reporting declining earnings and revenue and weak forecasts...

China-Direct aka. Amazon, which makes no money, is imploding all other retailers. Go figure...

Macy's

The Gap

Kohl's

Nordstrom

Amazon doesn't have to worry about profits, since they don't have any...

This just in:
JnJ and Lockheed Martin both downgraded...