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, July 20, 2015
Shock And Awe On Deck
Locus of obliteration:
Oil stocks (red) and Emerging Markets:
We've never seen this before... NYSE lows rising as S&P approaches all time highs (intraday)
