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, June 12, 2015

All Roads Lead to Implosion

The Fed doesn't have a choice (on interest rates) next week, they have the illusion of choice.

They can choose to let the air out of their bubble and watch it implode with extreme dislocation, or they can maintain status quo and watch it go supernova of its own volition.

Either way the end result is the same. Six years of sitting on the launchpad at 0% interest and 0 Vol can only end one way.