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.
Thursday, March 16, 2017
Houston, We Have Human History's Largest Policy Error
Tanking gasoline demand Retail imploding Real wages declining Commodities imploding Deficit widening Industrial Production falling GDP imploding Loan growth imploding: It turns out that the business cycle is cyclical. Who knew?
