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.
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Wednesday, July 13, 2016
"Keep Calm And Self-Implode"
Central Banks have lost all control over Globalization. But don't tell anyone, it's a secret...
Globalization is doing to capital, what it's been doing to labour for years and decades - no rate of return. There is "nowhere to hide", except 0%. Which is "not an option"...
In other words, there's no way out of the Hotel Californication, once the greater fool is found... Global yields, GDP, and Deflation versus S&P 500:
"It can't happen to me" Sears, Deutsche Bank, Global Trade, Deflation, U.S. Treasury yields, credit spreads versus Amazon:
