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, May 3, 2016
Tapped Out
Nothing quite as asinine as a beer stock with a 50 P/E ratio...but nothing is too asinine for this Idiocracy... 5x overvalued: https://ycharts.com/companies/TAP/pe_ratio
