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.

Showing posts with label economic decline. Show all posts

Sunday, March 25, 2012

Fools and their Money

[Updated: March 25th] I had to update this post, because I just read Barry Ritholtz's comments in Barron's and I almost shit a brick. He says that the Bears need to "put up or shut up" i.e. the onus is now on us bears to prove why this rally could end. Excuse me? Are we living in some sort of parallel universe here? All you have to do is look at the first chart below to see that the market is still lower than it was 13 years ago.