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.

Wednesday, November 5, 2014

The Minsky Cycle

The Canadian Dollar, Oil and Russian Ruble are all at new multi-year lows this week

The Russian sanctions are starting to boomerang back to the Globalized Ponzi scheme some euphemistically call the "Economy". Today's policy dunces will realize far too late that Globalization has massively correlated all economies. Or didn't we remember that from 2013 when Cyprus, an island state of a million people, nearly defaulted?

Global Macro

Canadian Dollar, Russian Stocks, Crude Oil, Copper:

I knew I had seen that shape somewhere

I was asking for a "sign", but all I got was the inconvenient truth staring me in the face.