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, September 11, 2016
Denialists Can't Afford To Be Wrong
One thing all denialists have in common: they are fully invested in their delusional outcomes. Because they're too self-absorbed to believe in any outcome that doesn't lead to their own gratification. So they can take bankrupt solace in not being hypocrites, I suppose... Second derivative volatility (VVIX):