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.
Saturday, June 18, 2016
The Idiocracy Is Not Playing Dumb
They have degrees in binge drinking, date rape, rote memorization, and ESPN. And PhDs in the impossible.
"What were you doing when it all imploded suddenly and unexpectedly?"
"I was loading up on 300 P/E Amazon while they put every other retailer out of business"
"What were you doing when it all imploded unexpectedly?"
"I was loading up on 4x overvalued smart beta, while Vietnam put China out of business"
And then they went ALL IN on the non-existent economy...