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Wednesday, 1 February 2012

The Unsustainable World. Economic Meltdown or Global Systemic Crisis of Capitalism.

‘These elites do not have a vision. They know only one word: more. They will continue to exploit the nation, the global economy and the ecosystem. And they will use their money to hide in gated compounds when it all implodes.’ (Chris Hedges) 

Money. Rolling pound coins
Rolling pound coins
(© 2011 LightColourShade)
Any economic system built by humans is in itself unsustainable since it’s always based on some kind of exploitation and eventually degenerates through unbridled greed and corruption. In the end, The Excess of Evil Destroys the Evil.

First and foremost, any Ponzi scam is bound to tumble down sooner or later like a cardcastle, and basically that’s what modern capitalist economy is — a giant global Ponzi scheme disguised with fancy terms and phoney financial structures (stock exchange, bonds, fiat money, shares, legal speculation like short-selling, swaps, deferred taxes, etc.) wrapped in convoluted equations, and as such is riding for a fall.
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