Globalized Capitalism Won't Survive What Comes Next

Sucking the middle class dry to boost the stock market, is ending. You can't get blood from a stone. The casino class are so mesmerized by their fake wealth, they're totally ignoring the 'Conomy. We live in a society run by and for rapacious con men. America's biggest problem is morality. It doesn't have any...

The post-2008 free money bailout gave corporations free license to continue the looting that led to that meltdown in the first place. The housing bubble was just a symptom of the bigger economic problem which is corporate demand displacement. The ubiquitous narrative is that 2008 was an isolated event. We successfully borrowed our way out of a debt crisis.

Eight years later, these major countries are all ponzi borrowers in a "global synchronized expansion". Of debt:

As long as the Fed doesn't try reverse money printing, this will all be fine...

Too late.

Apple manufactures all of its products overseas, keeps all of its cash overseas, borrows debt to buyback stock and pay dividends to a global investor base. Is it really an American company?

It's called profits without prosperity aka. fake wealth for a fake generation:

"Five Eight years after the official end of the Great Recession, corporate profits are high, and the stock market is booming. Yet most Americans are not sharing in the recovery. While the top 0.1% of income recipients—which include most of the highest-ranking corporate executives—reap almost all the income gains, good jobs keep disappearing, and new employment opportunities tend to be insecure and underpaid. Corporate profitability is not translating into widespread economic prosperity. The allocation of corporate profits to stock buybacks deserves much of the blame"

But why do companies spend so much money buying back their own stock? For two reasons 1) to cover up insider option dilution 2) to cover up stagnant revenues, because they've outsourced the economy

It's all smoke and mirrors