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.

Friday, January 11, 2013

Unlucky 13

Yesterday, Tom Demark, who has the best market timing record on Wall Street said "sell the world" and was, according to his indicators (see below), very close to a sell on the U.S. As of yesterday's close, the count for the U.S. markets should be "13" as well, although he still sees 1.3% potential upside (i.e. just a 'wafer thin mint'...

h/t: Zerohedge