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, July 17, 2015

"MAXIMUM OBLITERATION. PLEASE"

"At the end, Etraders doubled down, while insiders cashed out. Per the standard agreement."

Y2K came and went. Etraders learned nothing.

Lehman came and went. Etraders learned nothing.

Shanghai melted down in the past two weeks. Etraders doubled down.

The Idiocracy never learns. This will be a lesson for all ages.

Swan diving into pavement
Internet fund with forward interest rate expectations:

Stock buybacks allow insiders to cash out by using company cash to buy back insider shares. It's a one-time trick to give the illusion of "growing" earnings.