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.

Monday, August 24, 2015

HALO Crash: 1987 From All Time Highs

This has been the largest 3-day decline in U.S. stocks since 1987

In other words, there has never been a decline this steep from all time highs.

The needle and the damage done...

NYSE New Lows not seen since Lehman...

Volatility going back to 1987:
Intra-day vol was higher today than the 2011 decline...(this is weekly below):

Shock and Awe Visualized
The volatility of options volatility (VVIX) measures the acceleration of the VIX i.e. today was highest on record since 2007:
Data from: http://www.cboe.com/micro/vvix/
h/t Zerohedge

Now that's what I'm talking about