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.
Pages
▼
Wednesday, February 10, 2016
Generation Madoff Wants A Lesson In Humility
This morning, Fed Chairwoman Yellen said that "market conditions are less supportive of growth", which of course vaulted stocks, because there's nothing quite as bullish as a dissolving economy. But then, as expected the Dollar/Yen rolled over and stocks dutifully followed...Sooner rather than later the idiots at the top will be forced to admit, "Ok, we're idiots, we're just making this shit up". And then the underwear will be mighty stained for the generation that can't stop lying... "My base assumption is that you are all corrupt morons who won't question anything I say. It's a tradition."
"It's ok for the children to think they have no future, but not us, we've always taken the easy way out. Why change now?" CNBC Breaking News:"25 year-olds have to stop aging if they want to get a job" Employment rate (25-54) red line with Fed Funds Rate:
U.S. forward deflation is now beyond Lehman TIP:USB ratio:
