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 3, 2015

Towards the Lehman Moment

The Lehman bankruptcy was mid-September 2008. By the time the second (successful) TARP bailout vote was reached, Oct. 3rd, it was too late. The damage had been done. RISK OFF liquidation commenced.

CNBC July 3, 2015
"In a nutshell, both the 'yes' and 'no' vote seem to bear significant risks for global markets. A 'yes' vote risks seeing Greece plunge into fresh political chaos... and means the country must go back to the negotiation table and try to knock something together again...However, it's a lot worse on the other side as a 'no' vote will present a host of uncertainties that could really rattle markets. "

German DAX (Red) with German Bund Yields (black)

Rydex
Bull : Bear Asset Allocation

S&P w/average stock (red)

Global Dow w/Global GDP growth (red)

Oil stocks and Emerging Markets

NYSE New Highs:

Cirque Du Greece is merely one spark in a house full of dynamite