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.

Wednesday, June 3, 2015

Don't Worry. Be Fat And Happy

You are not paid to worry. You are paid to blow yourself up. Another burnt offering to the Globalized furnace. Just like the vaporized post-2008 "stimulus" (Grandchildren's money)...aka. The Faustian Bargain.

This can still all work out fine as long as there is zero correlation between risks, which is the fundamental Idiocratic assumption. If risks are non-correlated, the probability of joint occurrence approaches 0%.

On the other hand, if risks are correlated, the probability of an historically massive meltdown approaches 100%.

June 3, 2015: Marketwatch

Mergers & Acquisitions Surge Signals Top

"Uncorrelated" Risks

Back in 2008, Bernankenstein set out to save the debt-addicted consumption oriented lifestyle from itself.

The fool or the ones that follow?