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.

Showing posts with label quantitative easing. Show all posts

Tuesday, April 3, 2012

Assume the Position (yes, again)

Once again, copious Central Bank liquidity has lulled the General Public back into its semi-lucid coma. All is well in Fantasy Land. Even Occupy Wall Street is quiescent and the Idiocracy on Wall Street has taken the opportunity to mock them. Yet just today we received the latest rude reminder that the markets and by extension the economy are solely supported by Central Bank monetization programs.