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.

Tuesday, July 7, 2015

Global RISK OFF: The Brown Swan Event Has Begun

Oil and Emerging Markets getting hammered. Again.

Long-term Treasuries are sky-rocketing.

Chinese small caps - 18%. Today.

2015 gains. Are gone.
Large cap Chinese stocks -7%

Emerging Market credit

EM stocks

World's largest IPO: Alibaba: new all time low