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.

Wednesday, January 25, 2017

Immoral Hazard

The problem with bailouts, printing money to buy stocks, 0% for eight years, intra-generational theft, and other amoral props is that they shield gamblers from the consequences of their own actions. Hence, they take too much risk the next time around.

When there is no bailout...

"Has monetary policy aided and abetted risk-taking? I hope so. That's why we did it"

Anthony Haldane, Bank of England, July 13, 2014

Wilshire total market index divided by CPI and U.S. national debt (red). Labor Participation rate (blue):

EconoDunces are all full time liars now. They know when this ends, they're going straight into the shit can of history...

I'll take reality for everything, Alex...