A nice view of our economy from Mars by Mac10 although he does not seem to understand the physical and biological forces behind the problems.
The collapse isn’t beginning it’s almost OVER. Yes folks, seven years of non-stop bullshit and all that is left is the vertical Mega-Crash. The moment when EVERYTHING goes down at the same time. Risk is BINARY. Risk is Overnight. Risk is Weekend. Risk is 24×7. Welcome to Globalization…
If you dropped in from Mars and wanted to design human history’s biggest mega-collapse, here is what you would have already done…
First of course, outsource the economy such that supply is one locale produced by slaves with no purchasing power, while demand is another locale using borrowed money.
When that ‘Conomy fails in 2008, inflate all risk assets using printed money, so that the trickle down casino creates a fake wealth effect.
Layoff millions of people to inflate profits to historically unprecedented levels. Take the profits and invest them back into stocks to paper over the collapsing revenue.
Monetize the tsunami of poverty into 0% and then invest it in greater over-capacity. Be sure to create as much deflation as possible thereby imploding anyone with debt.
Having sucked in nearly everyone to double down on the casino and 0%, begin the process of taking away all global liquidity, thereby systematically decimating one asset class at a time.
As each asset class/sector implodes, concentrate the remaining funds into the ever-dwindling sectors still rising, until only recession stocks are left holding up the entire delusion.
When 0% no longer incentivizes enough debt, cut rates to negative to pay people to borrow money. Be sure to implode all global banks at the same time.
Resolve a global oil glut by maximizing production. Fill every storage container on the planet with oil and then do everything possible to fix the imbalance, except for cutting production. Tell speculators the problem is fixed even when it’s not.
Encourage global debasement of currencies in a zero sum game race to the bottom. Act shocked when risk assets further implode with each round of debasement.
Hold non-stop Central Bank meetings to ensure continuous short covering rallies making risk management almost impossible.
Keep CNBS on in the background 24×7, blowing smoke up everyone’s asses non-stop.
Pretend no one saw it coming.