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, September 1, 2014

Full Ayn Randification: Then There Were None

Greed is not the basis for a long-term sustainable society

Those worshipping at the altar of the Dow will be the last to know. Literally:
The year/quarter each market peaked:

Large cap U.S. stocks?

Canadian Stocks?
New Zealand Stocks?
Quarter billion dollar penthouse apartments?
Sovereign Ponzi Bonds?
Machine Guns?

I'll go out on a limb and say that machine gun prices peak last.

Puts this into perspective:

And this...number of new 52 week highs (there are 3200 total issues on the NYSE):

COLLAPSE IN BROAD DAYLIGHT