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.

Thursday, January 22, 2015

Davos Dislocations

Orange Alert Update

The "Developed World Carry Trade"
DBV: Short Swiss Franc, Euro, JPY. Long Aussie, Kiwi, Krone

@Lehman Levels

Another Brown Swan Event:
The Canadian dollar was monkey hammered back to 2009 (aka. 2005), by the 'surprise' BOC rate cut, due to the 'surprise' weakness in the Canadian economy
Jan. 21, 2015 CBC.ca: "Bank of Canada Shocks Markets With Rate Cut"
"The drop in oil prices is unambiguously negative for the Canadian economy,"
"home sales in Alberta have already collapsed"
"Virtually no economists had been predicting a rate cut. "

It appears that the Euro has now become the world's last and largest carry currency

ZH: Jan. 21, 2105

All liquidity disappears from FX Markets ahead of ECB decision

No liquidity. Check
Markets at the brink. Check
Clueless billunaires. Check