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 17, 2015

1997 x 10

Bloomberg's Troubled 10 Currency list doesn't even include the current most vulnerable currency, Malaysian Ringitt. It's a fluid meltdown to say the least...

South African Rand
Brazilian Real
Russian Ruble
Peruvian Sol
Colombian Peso
Thai Bhat
Singapore Dollar
Taiwan Dollar
Korean Won
Indonesian Rupiah

Notable omissions are:
The Malaysian Ringitt, the Turkish Lira, the Argentinian Peso, Philippines Peso and the Ukraine Hryvnia. At minimum.

EM Currency Fund (includes almost all of the above):

1997 x 10 15