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, July 22, 2016
Greed And Fear: See The Bubble Or Be The Bubble
Bubbles implode when there are no more greedy jackasses to be found... The role of Central Banks is to recycle fear into greed. Under the most asinine of circumstances. They have no other role pertaining to the 'Conomy, other than to turn a blind eye to mass outsourcing...
The Idiocracy has proven that they can be conned over and over again by the exact same psychopaths. Because the truth is not an option... And 0% is not an option either:
Unfortunately, Central Banks don't control asset allocation, which is inherently cyclical:
Institutions know that bubbles are cyclical and therefore they have been selling into strength. Because in a bubble, you either get out early or you don't get out. But we've only learned that twice in the past 16 years, so how would we know? The Japanese have learned that lesson five times in 25 years, and they're still totally fucking clueless. De Facto Idiocracy.