Belief in the Impossible is All Pervasive

“Complex societies rely on their elites to get things, if not right, at least not grotesquely wrong. The elites need to do better. If they do not, rage may overwhelm us all...”

Too late. Our self-absorbed 'elites' are bumbling and stumbling towards the 'Minsky Moment' which will end this amoral age for good...and yes, there will be is rage...

Let Them Eat Cake

Nickel and Dimed: On (Not) Getting By in America

One of my goals when I started this blog was to use it to vent my rage arising from the slave-based pseudo-economy, in what one would call a more "productive" fashion. However, every time I come across another clueless man-boy explaining why raising the minimum wage is a bad idea, despite the fact that income inequality is at a record high, I literally blow a fucking gasket.

Self-Imploding Capitalism

"The problem with bubbles is that they force one to decide whether to look like an idiot before the peak, or an idiot after the peak" (ZH/Hussman/Faber)

Too late. I already opted for the first option years ago. It was a choice between a low return on capital or no return of capital, so I chose the former. Everyone thinks that they will be that one guy who gets out at the very top - you know, like Alan Greenspan. Fortunately, you don't have to be a retiring Central Bankster to realize that a set of widely ignored factors have coalesced to make meltdown inevitable.

Capitalism taken to the logical extent possible will inevitably self-implode with extreme dislocation.

In Bernankenstein We Trust

Today and tomorrow are Bernankenstein's last Fed meetings as Chairman of the Federal Reserve. Exactly 8 years ago this week, Greenspan retired and handed the reins to Bernanke. That handover marked the exact top of Greenspan's housing bubble. It's hard to beat that kind of timing, but Bernanke is going to give it a shot...

Kill Globalization: Save the Blue Planet

The Human Disposal Machine Is Self-Imploding, Ever More Violently: 
A society can be dumb, or it can be greedy, but it can't be both

Bonfire of the Vanities: Epic Hubris to Mass Psychosis

Note to Bill(ionaires): Try not to shit your pants when your slave trade ends with a big fucking bang:

The world's richest man says that the end of poverty is in sight by 2035. However, as it stands now, globally, 1% of the human population has twice as much wealth as the bottom 90%. So, apparently Gates hasn't figured out Microsoft Excel yet. Suffice to say, it's amazing how much patience one can have for failed economic models when others are doing the suffering, and the next Davos Summit is around the corner: http://ponziworld.blogspot.com/2012/09/state-of-globalized-ponzi.html 

This Graceless Age...

Leaves nothing left to believe in, beyond its demise.
The consumption-oriented lifestyle could never scale across 7 billion people, hence Globalization was never more than an openly accepted form of slavery. As long as someone else's children were doing the suffering, the wealthy nations never questioned the system.

Global policy-makers saved the globalized ponzi scheme from itself in 2008. Now, having squandered all resources, the odds that they can save it again are somewhere between zero and impossible. The first meltdown was to weaken the model. This next one will kill it, for good...

Voodoo Economics Revisited

Trickle Down Collapse-O-Nomics:

Dow Casino (blue) with U.S. Labor Participation (red):

Self-Interest Isn't an Ideology It's an Instinct

Like Two Dogs Fucking On the Lawn. It's What they Do...

History (and commonsense) warn us that decadence yields directly to anarchy. When a nihilistic citizenry is only capable of looking after its own self-interests then there is no agreement on anything, there is only zero sum rent-seeking, campaigning, and stagnation. There are no shared values or common causes to build upon, merely constant petty bickering and lack of progress in every direction. Sound familiar? It should because it's the overriding reason why this decadent society is like a 400 pound fat man who can't get out of his own way. The veneration of greed and self-interest has created a culture of exploitation that has cannibalized the entire economy starting from the bottom and working its way to the very top. The billionaire beneficiaries and their frat boy flunkies will be the VERY LAST to figure out that this is all going away, to be replaced by a model not of their choosing...

Slowly at First, Then All at Once

A "Stealth" Collapse in Broad Daylight
Only a profoundly decadent society could blindly accept the inherent corruption of the status quo. Suffice to say, collapse will come like a bolt of lightning from the clear blue sky to the decayed masses - it will be a "stealth" collapse for a society with its head shoved up its own ass...