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.
Sunday, July 31, 2016
The Emperor Has No 'Conomy
Post-2008, the Idiocracy chose fake-believe over solvency, because the status quo is in self-destruct mode. Along with the posers who believe in it... Obama's pseudo-recovery was all borrowed money GDP less Deficit:
Fed Funds Rate
"Who needs 'Conomy when we have stocks?" Two year yield