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, May 13, 2015
It's 2008. Late. The Noose Is Tight.
Unlike 2007, Central Banks decided there would be no warning this time. Just have everything collapse at the same time during an episode of the Kardashians.
Normally Transports and energy sectors trade inversely. Except very late cycle when they both break down. Like now:
