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.

Saturday, February 28, 2015

A Corrupt Society Can't Recognize Corruption

There 's only accountability at the bottom of this Ponzi Scheme. Zero accountability at the top. If an inner city youth steals a chocolate bar, he pays a heavy price. If Goldman Sachs invents a "synthetic" debt obligation, packs it full of the worst subprime mortgages in the country and sells it with a AAA rating only to watch it implode mere months later, they get bailed out for $13 billion at 100 cents on the dollar.

And six years later, they get another $2 billion:

BBG: Feb. 26, 2015

Success in any endeavour, requires three key factors: luck, capability, and hard work. Absent any one of those factors and failure is inevitable. This society right now is running solely on luck. Capability and hard work have left the building.

And luck is running out.

The Vampire Squid Visualized:

Let's see how the gamblers like their bailouts when this shit show collapses.