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.

Tuesday, October 20, 2015

Still Third World After All This Time

China is the best example of a country that took capitalism to its logical extreme and then round-tripped to collapse in one decade...

Being Third World begins with the refugee mentality that the economy is a zero sum game between "winners" and "losers". It takes more to build a long-term sustainable economy than just exploiting an $.80/hour minimum wage.

Something all of the boy-men are going to learn the hard way...

CNBC: Oct. 15, 2015 U.S. Dethroned As Nation With Most Billionaires

BI. Jan. 7, 2015: China Adds Billionaires At Absurd Rate

Ayn Rand and Bernie Madoff would be so very proud. This will all have the shelf life of a Chinese internet stock...

Chinese stocks (red) with GDP Growth rate (black):

The (upward) correction is ending...