And now that massive lie is unraveling in real-time as the developing economies slow even faster than developed world economies. Which is shocking and unexpected given their growth potential. For their part, the bloated developed nations can't possibly pick up the slack since they are already maxed out on debt, with debt to GDP ratios averaging ~350%.
Still, the lamestream can't admit the failure. Can't admit it could never work. Can't admit it's falling apart right in front of their eyes. The desperation is palpable, because the status quo is at risk.
Every day, a new article, expecting oil prices to magically spike back above $100 and stay there "forever". The status quo and every aspect surrounding it, is premised upon ever-greater debt. Third World wage slaves will forego "consumption" forever, so that massively leveraged developed world "consumers" can enjoy endless shopping sprees.
All of which is held together merely by the thinnest thread of investor "ConnedFidence" that Ponzi debts will get repaid.
The End of the Status Quo.
Once the debris clears, here is what we can look forward to:
The end of pseudo-empires and multi-trillion dollar military blunders
The end of the warfare state
The end of Walmart
The end of junk food and junk culture masquerading as "Exceptionalism"
The end of junk food and junk culture masquerading as "Exceptionalism"
The end of outsourcing
The end of gas guzzling SUVs driving 50 miles round trip to soccer practice
The end of 80 million barrels per day of carbon emissions
The end of Wall Street and the casino-formerly-known-as-the-economy
The end of NeoCon Megalomaniacs
The end of vulture capitalists denigrating the "47%" whom they bankrupted
The end of Econo-dunces who know the cost of everything and the value of nothing
The end of political mannekins with 8% approval ratings
The end of "life" as a shopping excursion and sports spectacle
The end of clever dunces turning higher education into a frat party
Occupy Wall Street - "What do they want anyway?"
We want you to maintain status quo, while this all implodes.
Thank you for your participation.
Thank you for your participation.
