Ponzi World (Over 3 Billion NOT Served)

The globalized economy is a colossal Ponzi Scheme in which the vast majority survive on the bread crumbs falling off 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.

Monday, December 10, 2012

BTFD: Bring Your Own Underwear

Picture perfect wedge with picture perfect backtest. Bulls stalled right at the lower trend line. Get busy living, or get busy dying...

Walmart. Still tracing out a fractal of 2008. The Lehman top and this past October top are identical fractals. It doesn't get any clearer than that. Now having completed a 50% retracement off the top. Granted the scales are different, which should make this next move even more "interesting"...