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.

Saturday, August 22, 2015

Damocles Sword: The Yen Carry Trade

The 1997 Asian currency crisis was fuelled by Yen hot money. When the Yen reversed, the carry trades imploded leading to the Russian debt default and LTCM crisis in 1998.

The LTCM hedge fund was run by Nobel Prize winning laureates who almost cratered the global economy, as chronicled in "When Genius Failed".

The Yen (inverted) (red) reversed this week. S&P (black):

"It was a bad time for an Asian currency meltdown"

Yen reversal Visualized:

2015: When genius failed. To exist.