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.
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Monday, October 6, 2014
"Stocks Have Reached a Permanently High Plateau" - Irving Fisher, 1929
"I'm about to repeat what I said at this time yesterday and the day before - when a Ponzi scheme implodes, the value of stocks is the limit approaching zero"
