Ponzi World (Over 3 Billion NOT Served)

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.

Thursday, December 25, 2014

Lies, Damn Lies, And Media Buffoons: What Makes this Possible

NY Times, December 23, 2014

"The American economy grew last quarter at its fastest rate in over a decade, providing the strongest evidence to date that the recovery is finally gaining sustained power more than five years after it began."

The "recovery" that wasn't:
A doubling in National Debt bought per capita GDP lower than 2007

Per Capita GDP adjusted for inflation and deficit

GDP Data: http://www.bea.gov/national/index.htm#gdp

Deficit Data: http://www.davemanuel.com/history-of-deficits-and-surpluses-in-the-united-states.php

Inflation Calculator: http://data.bls.gov/cgi-bin/cpicalc.pl

Population data: http://research.stlouisfed.org/fred2/series/POP

The Distribution of Income

Then there were none.