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, November 7, 2014

A Tale of Greed, Greed, and More Fucking Greed

Bloomberg: November 7th, 2014:
Wage Deflation in the U.S.

"Something changed in 2008". You don't say:

I always knew that the Developed World would converge with the Third World one day.
I've never been given any reason to believe otherwise

Forward Deflation expectations as imputed from 30 Year Treasury yields. Now back in 2009
The Fed's bond buying officially ended last week, but yields keep falling. No one saw that coming - especially Prechter

ar·bi·trage:
"buy in one locale, sell in another, until prices (aka. wages) equalize"

And for the record, stocks always catch down to ~~bonds~~ Reality