The globalized economy is a colossal Ponzi Scheme in which the vast majority survive on the bread crumbs falling off of 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.
This era is a test of sanity, honesty and morality. Best not to fail.
The Last to Know: Ponzi Schemes Collapse from the Bottom Up
Why are we being lied to so incessantly? What type of dystopian insane asylum are we trapped in anyway? First they enslaved the working class, who have no voice. Then they outsourced the middle class, who no longer exist. Then they shrink-wrapped the yuppy class (aka. "The Outer Party", in Orwellian-speak) who never speak out of turn, anyway. Who is left? Oh right, the billionaires, aka. The Inner Party. They control the media, they control the message (more on that below).
Oh, and I forgot to mention that the Lehman Indicators all correctly predicted the recent (so far) market top...
Denialism as self-appointed extinction: False optimism is a lethal bias Admiral James Stockdale (POW), Hanoi Hilton Survival Guide: "Who didn't survive?" "That's easy, the optimists: You must never confuse faith that you will prevail in the end - which you can never afford to lose – with the discipline to confront the most brutal facts of your current reality, whatever they might be.”
Not everyone survives what comes next. Not everyone should.
We always knew where this was all heading: "The 20th century's industrialization has left the world overcrowded, polluted and stagnant by the turn of the 21st century. A dystopian future suffering from pollution, overpopulation, depleted resources, poverty, dying oceans, and all year humidity due to the greenhouse effect. Much of the population survives on processed food rations, including 'soylent green'." 1973: Soylent Green
In a race with a grizzly, the race isn't between you and the bear, it's between you and everyone else. It's good to have a head start.
While the world has been acutely focused on the "colonizing" Israel, Muslims have increased their land holdings by over 9 million square miles since 1920.
(Huntingon, Samuel, "The Clash of Civilizations and Remaking of World Order", page 84).
A fact that you will never hear as an offset to the mere 8 thousand square miles claimed by Jews in Israel. Much of the Islamic expansion occurred in Sub-Saharan Africa e.g. Mali, Niger, Sudan via forced conversion i.e. by sword and by "implantation" aka. rape.
"Viewed through the eyes of men (Al Qaeda) who were spiritually centered in the seventh century, Christianity was not just a rival, it was the archenemy. To them, the Crusades were a continual historical process that would never be resolved until the final victory of Islam. They bitterly perceived the contradiction embodied by Islam’s long, steady retreat from the gates of Vienna, where on September 11— that now resonant date— in 1683, the king of Poland began the battle that turned back the farthest advance of Muslim armies."
Wright, Lawrence (2006-08-08). The Looming Tower (Vintage) (p. 171)
Globalization IS Peak Oil and Global Warming Desecration [Aug. 16, 2014] "Billions in oil investments at risk from low prices" "The majors have a potential capital spend of $548 billion (328 billion pounds) over the period 2014-2025 on projects that require a market price of $95/barrel," CTI said, adding that $357 billion of this is earmarked for as yet undeveloped, high-cost ventures. (Cancellation or deferral) is becoming increasingly necessary as near term cash flows are not sufficient to maintain both dividends and capital expenditure plans." Low Prices = $95 per barrel? DONE. The remaining oil may as well be on Mars...
Printing money to buy stocks. Is ending. Etraders are now officially holding the bag, betting ALL IN on the impossible. Having artificially levitated stocks for several years straight, as a proxy for a real economy, the Fed has now officially transferred title in the over-leveraged, over-valued stock market, to Etraders. Which is very considerate, because Etraders only like stocks at the top, they hate them at the bottom. Now they just need the economy to float back from China to justify their "investment"...
Ponzi Capitalism Is the Ebola of Economic Models i.e. Self-destructing
It consumes everything in its path: the environment, jobs, people, local businesses, sustainable "demand", until it ultimately consumes itself. It's the Ebola of economic models, it only ends when it burns itself out. The securitization of financial assets requires ever-greater profits in order to sustain prices. The model doesn't go in reverse. "Less" is not a financially stable option:
"We are beginning to discover that the reason the world recovery is so slow is that monetary policy isn't the answer now, and other policies need to be put in place to rebalance the world economy," - Mervyn King, Former Governor, Bank of England [Aug. 11, 2014]
- energy depletion, peak energy - mass consumption orgies
All conveniently sponsored by the Globalized ponzinomic slave system (aka. Dow), hence all reaching zenith at the exact same time. History's most self-indulgent generation desperately plundering its own grandchildren, yet too dunced to realize that the illusion is collapsing on their watch.
The USA Today "The war is not meant to be won, it is meant to be continuous. Hierarchical society is only possible on the basis of poverty and ignorance. ... The war is waged by the ruling group against its own subjects and its object is not the victory, but to keep the very structure of society intact." [George Orwell, "1984"]
Life without Third World exploitation is too horrible to even contemplate For five years straight, Central Bank liquidity has papered over ever-growing borrower insolvency. Now liquidity is receding. No one wants to even contemplate how this is all going to end. So no one does.
“It is unconscionable to let the country become an American colony with American soldiers for no reason other than protecting your throne and protecting oil sources for their own use. These infidel Crusaders must not be allowed to remain in the Holy Land. You have brought to our people the two worst calamities, blasphemy and poverty.” [Osama Bin Laden, open letter to King Fahd, 1995]
Many Saudis shared his hostility to the continuing American presence in the Kingdom, especially after Dick Cheney’s well-known pledge that they would leave. Ostensibly, the troops remained in order to enforce the UN-mandated no-fly zone over Iraq. By 1992, however, and certainly by 1993, there were enough new basing agreements in the region that the Americans could have withdrawn without jeopardizing their mission. But the Saudi bases were convenient and well appointed, and there didn’t seem to be a sufficiently pressing need to leave. [Wright, Lawrence (2006-08-08). The Looming Tower (p. 210)]
Empire exists to protect the natives from foolishly rejecting Ponzi Capitalism
"This is the consideration that must be decisive in judging questions of colonial policy. European officials, troops, and police must remain in these areas, as far as their presence is necessary in order to maintain the legal and political conditions required to insure the participation of the colonial territories in international trade." - Ludwig Von Mises
If the following alternating terminology of "liberal" and "conservative" is confusing, it's because it's meant to be. This entire topic comes down to the use of military force to ensure unfettered access to local markets by large corporations. Everything else around this topic is 100% specious pseudo-academic bullshit...
The role of Monetary policy is to inflate risk assets for millionaires and billionaires, incentivize debt accumulation by the middle class, and subsidize deficits for bankrupt governments. All of which provides cover for the real economy being shipped to the Third World. At this point in the "recovery" all of those goals have been broadly achieved, however, the minute wages begin to rise, then interest rates will have to go up, and the "party" will be over.
It's that critical time again already, when the Fed has to decide at what point it will decimate everyone who took advantage of low interest rates to borrow themselves into oblivion...