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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Thursday, October 16, 2014
Wall Street Still Burying ETraders
Despite the recent market turmoil, Wall Street cranked out 10 IPOs in the past week. Three yesterday alone, during the biggest Dow drop in several years.