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, June 13, 2014
Point of recognition approaching
Every corner of the world is beginning to realize that this is all just history's largest lie, without any comparison. The Rage is spreading and the uber-buffoon "elites" are clueless and paralyzed...
Soon it will be easier to list the places that are not unraveling than the ones that are. Reading the Reuters feeds is like reading some dystopian horror novel.
However, the Twilight Zone story of the day has to be Iran helping to defend Iraq. WTF?
A big story this week was the recent massive influx of children crossing the U.S./Mexico border to claim asylum in the U.S. This has gotten every right wing blow-hard in the U.S. claiming more Obamanomic racial subversion. Kids as young as 4 years old are dropped off on the U.S. side of the Rio and told to seek out the authorities.
"U.S. law prohibits the Department of Homeland Security from immediately deporting the children if they are not from Canada or Mexico."
"Border facilities don't have enough food, beds or sanitary facilities to provide for the children."
"Cabrera says these crossings began to spike two years ago after the Obama administration announced it would stop deporting young illegal immigrants who entered the United States as children if they met certain requirements."
The entire immigration "issue" summed up in one paragraph:
"The children flocking across the border in search of the American dream "shouldn't come," she says. But they "wouldn't come if their undocumented parents didn't find it so easy to work in a country that loves cheap labor -- but treats cheap laborers like a disposable commodity."
Consumer non-confidence hits 3-month low. Dow up 40 points.
You can't fool all of the people all of the time. Not a day goes by without some moron saying that this is the most "unloved" stock market rally in human history. Maybe if it was attended by jobs and an economy rather than by debt and lies, it would be more popular. I'm just guessing. And contrary to my profane assertions, you can't fool all of the people all of the time. Here below is consumer non-confidence. The blue line is the "average" sentiment prior to 2008. As you see in the past five years, not once did consumer confidence exceed the pre-2008 average. What a total fucking illusion merely to benefit 5%, 1%, .001% of the people.
The big story in the markets this week was the "rally" in oil
Crude at 9 month highs. Here is what that looks like in perspective. Lower that it was in August of 2013 when the old Iraq war was underway as opposed to this new one. If this is a war "premium" then clearly demand is dying just as fast as supply:
Speaking of collapse in broad daylight, here is cotton:
Corn: half off in one year
The Baltic Dry Index (h/t Zerohedge)
The index of shipping costs for dry freight - mostly commodities - covering 23 shipping routes
The Dow Jones Illusional Average Dow with overthrow of its five month plateau Once the overthrow returns back beneath the plateau line, things should get interesting