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, April 27, 2012
Monday, April 23, 2012
COLLAPSE-o-NOMICS
Now presenting, The Idiocracy's guide to collapsing your own economy. Now on display anywhere near you:
Labels:
collapse,
deflation,
fiscal policy,
Monetary Policy,
outsourcing,
Ponzi Scheme,
rent seeking,
SHTF
Wednesday, April 11, 2012
Idiocracy Goes Cannibal
Deja Vu of last August, the market is already in freefall and yet the media, public and investors are largely oblivious to the ubiquitous signs of resurgent financial and economic distress. As we now know last year's crash was mitigated by global central bank intervention. So reality was yet again delayed, but will not be denied.
Labels:
SHTF
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.
Labels:
Apple,
federal reserve,
Monetary Policy,
quantitative easing,
SHTF
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