Tuesday, January 27, 2015

Atlas Shirked

Davos Breakout Session: 
"How the obscenely wealthy can escape the consequences of obscene wealth" 


The Guardian Jan. 23, 2015
"With growing inequality and the civil unrest from Ferguson and the Occupy protests fresh in people’s mind, the world’s super rich are already preparing for the consequences. At a packed session in Davos, former hedge fund director Robert Johnson revealed that worried hedge fund managers were already planning their escapes. “I know hedge fund managers all over the world who are buying airstrips and farms in places like New Zealand because they think they need a getaway,” he said."

Unfortunately, New Zealand is part of the Ponzi Scheme
You don't escape from a Ponzi Scheme, and there is no way to stop it from collapsing. At its most fundamental level, a Ponzi Scheme is merely an accumulated liability with no offsetting asset. Billionaire wealth is an illusion, it's a fiction. It was printed out of thin air by Central Banks and upon collapse, it will return to its original state - nothing. Will there be a sequence and order to the financial asset "liquidation"? I'm counting on it; however nothing is assured. Suffice to say no one is immune from the consequences of this Globalized disaster. 

Not even the people who primarily caused it:


The top 85 billunaires own as much as the poorest 3.5 billion slaves.

Ayn Rand would be so very proud.