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.

Monday, August 17, 2015

"These Go To 11": Printing Money By And For Goldman Sachs

Attempting to explain to an Econo-Dunce why printing money and competitive currency debasement doesn't increase overall prosperity, it only changes the distribution of prosperity:

"When you need that extra push, where can you go? To 11"

Six years of "Keynesian" Socialism for Billunaires while the Sheeple were fleeced for everything they had left, post-bailout:

Whoever is closest to the printing press wins.
Goldman Sachs with Fed balance sheet

BBG: Aug. 16, 2015
"The ECB has brought record-low borrowing costs, a flood of cash and an export-boosting currency drop to the euro area, yet economic growth unexpectedly slowed last quarter."

"We can go to 11, if necessary..."

BBG: Aug. 16, 2015
"Japan’s economy contracted last quarter as consumers and businesses cut spending and exports tumbled"

"If they go to 11, we'll go to 12..."