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In these tough global economic times it’s amazing to see items such as the $1,050 Herve Leger swimsuit (pictured above) hit the market, especially considering the designers advise whoever buys it not to wear it in water. Doesn’t that kind of defeat the purpose of a swimsuit?

This monetary travesty got us here at GlobalGrind thinking about the other massive wastes of money we’ve seen lately. Check out a handful of items we thought of that have made capitalism look bad.

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Balenciaga Leggings. Everyone needs at least one good pair of golden space tights, right? Balenciaga‘s legging are a whopping $100,000! There’s also a matching bra top if the tights aren’t enough bling for you.

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A Golden toilet. Forget flushing your money DOWN the toilet. Make your money THE toilet by purchasing a golden throne!

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Floyd Mayweather’s $1.5 Watch: Floyd “Money” Mayweather’s $1.5 million watch given to him on his birthday last month is quite the piece of jewellery. 

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T Pain BIG ASS CHAIN: We love T-Pain’s humor on this one, however we can’t even imagine how much it cost to poke fun at his rap contemporaries.

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A Philosophy degree: This young man may or may not have just graduated Harvard with a degree in philosophy. Here at GlobalGrind we’re all for getting a higher education and studying philosophy isn’t easy. Regardless, good luck trying to pay off your massive student loans if you do.