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, March 4, 2015

Which Stocks Should I Buy With My Subprime Car Loan?

CNBC: March 4th, 2015

Wall Street's new toy: the seven year car loan:

Auto Loans are Up 29%
Host: "Is the point here ultimately that people are going to use the purchase of an asset like a car, to get into the stock market? And if so, is that a prudent thing to do from an investing point of view?"

Mark Martiak: "Well, it IS the prudent thing to do Kelly. I don't think it's a problem because it's good consumer debt. And if you have most of your cash working for you in the financial markets, specifically in equities - take advantage of the low interest rates"

"Even though the car is an illiquid asset...it helps you perform your job and get to work..."

WTF?
Your car gets you to work so you should margin it to buy stocks?

"Closing Bell is sponsored by TD Ameritrade"

"Prudent" circa March, 2015:
Borrowing against a depreciating asset to buy stocks