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 3, 2014
Third World Ambition: 35 Years of Class Warfare
American "Socialism" Visualized
The real deficit is the moral deficit. Until that gets "fixed", nothing will get better. This will be a lesson in humility for people who just assumed that "it can't happen to me".
Reagan-era Supply-Siders decided long ago that the economy is a zero sum game between profits and wages
Wages, GDP and Profits: baselined to "100" as of 1969:
Wages, GDP and Profits: baselined to "100" as of 1969:
Dumbfuckistan: home of the low wage drone
Faux News was created to brainwash Dukes of Hazard nation. The rest as they say, is history: Lower wages and continuous warfare to occupy the masses.
Faux News was created to brainwash Dukes of Hazard nation. The rest as they say, is history: Lower wages and continuous warfare to occupy the masses.
The real deficit is the moral deficit. Until that gets "fixed", nothing will get better. This will be a lesson in humility for people who just assumed that "it can't happen to me".
Thursday, October 2, 2014
"Who Wants More Kool-Aid?"
"Has monetary policy aided and abetted risk-taking? I hope so. That's why we did it"
- Bank of England Chief Economist, Andy Haldane, July 2014
- Bank of England Chief Economist, Andy Haldane, July 2014
Cumulative Fragility
End Game for a comfort seeking society
People and "things" that never experience duress or adversity are extremely vulnerable to the effects of unanticipated systemic shocks.
Which explains why this society went straight into the fetal position in 2008 and has remained that way ever since...
The All Importance of Hubris and Spectacle
The role of foreign wars is to distract the sheeple from what is happening at home
This just in:
"More Americans Know about ISIS than the Unemployment Rate" (MW: October 2nd, 2014)
"Foreigners like to knock Americans for not knowing much about life beyond the U.S.’s borders. But the fact is that Americans may well know more about foreign affairs than the economy."
Good job everybody. Keeping right up there with the geography. Only a third knew that the "unemployment rate" is 6%. .0001% know that it's a total fucking fabrication.
Play Foreign Invasion:
A Milton Bradley Production
This is All Just a Confidence Game Now
Continuous lying is the only thing keeping this shit show running
ZH: This just in:
*OBAMA SAYS ECONOMIC PROGRESS HAS BEEN 'STEADY'; 'IT IS REAL'
CIA:
"Since 1975, practically all the gains in household income have gone to the top 20% of households"
Stocks versus Jobs. Guess which is which:
ZH: This just in:
*OBAMA SAYS ECONOMIC PROGRESS HAS BEEN 'STEADY'; 'IT IS REAL'
CIA:
"Since 1975, practically all the gains in household income have gone to the top 20% of households"
Stocks versus Jobs. Guess which is which:
The role of the Manchurian Candidate is to con dunces and ditto heads into believing that the "liberal agenda" is working, while billionaires and frat boys continue the estate sale.
Lifestyles of the Filthy Rich: The New "Socialism"
Sodom And Gomorrah 2014
First, the daily dose of Man-boy Denialism:
ZH: Sept. 29, 2014
You can't make this shit up. Of course, here is the Inconvenient Truth:
"the majority of American households would be in jeopardy after an unexpected expense of only $400"
"Spending money may seem easy, but there is an art to spending obscene sums without anything to show for it, except for a good time"
Wednesday, October 1, 2014
Who Will Work For the Slave Owners?
Billionaires and boy-men tell us all day every day that their obscene wealth was solely due to their hard work and entrepreneurial brilliance. They tell us that they are the "job creators", even as the employment ratio is at a 30 year low. Perhaps they mean the "Chinese job creators". As most excellent as this line of bullshit may be, nevertheless, these disaster capitalists are still heavily reliant on the rest of us ne'er do wells who serve some role in their offshore cash accumulation scheme...
Belief in the great American Lottery will be tested...
A Glimmer of Hope: Wall Street Shit Canned
Fannie Mae: From $.20 to $6 and down again...
The latest trend is Wall Street firms looking to profit from the carcasses of 2008...
The latest trend is Wall Street firms looking to profit from the carcasses of 2008...
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