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.
Saturday, February 18, 2017
"Give Implosion A Chance"
The common sentiment between myself and Trump's acolytes is our fervent hostility towards Globalization. That's where the similarity begins and ends...
I understand full well that cheap capital, cheap junk at Walmart, mass consumption, SUV road trips, and Dow 20,000 will all go away instantaneously when Globalization collapses.
However, I'm not so sure that Team Trump got that memo. That they will be trading in their exceptionalism for a dunce cap at the end of this circus. Arrogant morons will not be in high demand.
Above all, he himself, Forrest Trump has not the slightest clue what he is doing, nor does he understand the consequences of his blundering actions. He still thinks that Ponzi capital is free and the Dow will remain glued to all time highs while he takes the sledgehammer to Globalization's last few pillars. Clearly they don't see it coming. I mean going...