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.

Sunday, December 2, 2012

Digging A New Grave Right Beside The Old Ones

Three Bubbles in a Row. How Do We Think This One Will End?

The implicit, inevitably catastrophic assumption that we now live under is that continued levitation of the $200 trillion global capital markets is solely dependent upon the incremental drip feed from Central Banks and not upon the solvency of underlying assets.

We've crossed this same level 30+ times since 1999.

Bulls are taking a cigarette break at their old gravesite. Not recommended.