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, October 21, 2016
The Awesome 'Power' of Fake-Believe
Sugar coating collapse so that it can be spoon fed to an aging Idiocracy incapable of accepting even the smallest grain of truth, is the business model of today's lamestream corporate media... CNBC Oct. 21, 2016 Don't Be Conned By Fake Earnings 'Beats'
One would be led to believe that following tens of thousands of layoffs and 20 years later, Microsoft market cap would be orders of magnitude greater than it was in Y2K. However, owing to the fake-believe 'power' of stock buybacks, one would be wrong:
The share price is at a new high, the company has lost 25% of value in 20 years...