Ponzi World (Over 3 Billion NOT Served)

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, September 23, 2016

Globalization Is Going Bankrupt

Free Trade is predicated upon the specious theory of Comparative Advantage: The economic fantasy that two countries will gain from open trade even when one country is far more cost competitive in all aspects. Several decades later and several thousand factories obliterated and now China is the factory to the world while we specialize in Cappuccino production subsidized with total debt at 350% of GDP. So much for textbook theories and the dunces who believe them...

Amazon versus Sears

Then there were none...

Amazon versus Sears, US 10 Year Treasury, Deutsche Bank, Global Trade (BDI), and Junk Bonds