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.

Sunday, December 21, 2014

"This Time Will Be Different" i.e. Collapse Sans Bailout

The Last Temptation of Liars and Psychopaths

Barrons, December 8th, 2014

"While we agree that some overvalued, money-losing companies like Twitter (ticker: TWTR), Workday (WDAY), and Splunk (SPLK) do recall the dot-com mania of 15 years ago, the situation today is fundamentally different."

Wall Street has figured out that the secret to maximizing profits is to incubate companies longer and then dump them onto the public at peak valuation.

"The market for privately owned companies has become today’s version of the Nasdaq in 1999. As of September this year, according to Dow Jones Venture Source, the median late-stage venture-capital-backed company was valued at $250 million, a record high and far larger than in the bubble days, when the median private-company valuation peaked at $89 million."

U.S. IPO Volume ($ raised):

http://www.renaissancecapital.com/ipohome/press/ipovolume.aspx

No Profits, No Revenues, No products