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.
Monday, May 4, 2015
Doing Time. Waiting for Maximum Velocity.
A few people might think "that's odd, it seems like all of the problems just went away". Nothing went away, but when the zombies sold out to the status quo, they convinced themselves that everything was A-OK. They became the delusion.
Oil stocks versus oil. Locus of collapse. (Not to be confused with the other locus of collapse Treasury yields, junk bonds, European Ponzi bonds, momentum stocks, carry trades etc...)