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, December 12, 2014

The Denialation is Deafening

"There's still no better time to invest in energy"

ZH: Dec. 12th, 2014

80% of Shale Oil is Unprofitable at these Levels

ZH: Dec. 12th, 2014
Risk in Energy-Related Credit is Infecting the Entire Junk Bond Market

MW: Dec. 12th, 2014

"Stephen Schwarzman, the chairman of Blackstone, said yesterday there’s no better time to invest in energy than now"

"It’s not just him. Others are piling in. Check out our call of the day."

"But that doesn’t take away from the ugliness that’s hitting markets this morning. Nour Al-Hammoury, chief market strategist at ADS Securities, says a major correction in global equities is now underway, especially for the S&P 500"

Because we all know that low gasoline prices are a "tax cut" for the jobless "consumer" and therefore, none of this is demand related:

NOT Disconnected from reality (h/t ZH)
Gulf States Stocks (UAE) down 30% from the peak in May:

BTFC: Buy the Fucking Collapse