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.

Thursday, August 20, 2015

Damage Assessment: Major

The Dow suffered its biggest point loss since 2011...

"The U.S. is the Donald Trump of global economies - invincible"

Via: https://twitter.com/nanexllc

Earlier today...

CasinoConomy

NYSE Down volume / Up volume w/S&P

Elliot Wave showed up fashionably late...
40 points below the 200 day moving average:
A third wave at all degrees of trend

The Dow is revisiting last July
A year of 401k money vaporized...

German stocks in free-fall
(Currency hedged ETF)

No panic yet, but edging closer

This VXO uptrend pattern is identical to the Lehman one to the left

The question of the day: "I wonder when the market will top"

"Can you believe this - another buying opportunity!"

Trending today: You can't make this shit up...

The two "indicators": Head in Ass