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, April 24, 2015

Weekly Ponzi Summary

The S&P, Nasdaq, and Russell 2000 reached new all time highs on 50% average volume. Unconfirmed by the Dow, Dow Transports, Utilities and Resources.

U.S. macro data came in worst in 6 years

U.S. economic optimism is highest in 8 years

The S&P 100 put/call ratios hit off the charts bearish records

And the number of Americans without a job is at a record as well (180 million), but fortunately "unemployment" is only 5.5%

A day trader living in his parents' basement near Heathrow was credited with causing the $1 trillion 2010 Flash Crash

Ben Bernanke re-joined Wall Street after a few months break from the Goldman Fed.

And the Earth is the hottest it's been in the past 135 years, although in no way related to pumping 85 million barrels of carbon every day into the atmosphere.