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.

Wednesday, August 19, 2015

Submerging Markets Massacre: Ragin' Contagion

Ponzi schemes collapse from the bottom to the top, with the entitled fools standing on the upper decks the last to know.

"All forward decks are now open for swimming"

Behind the scenes of Emerging Markets it's far worse than the primary Emerging Markets ETF (EEM) would suggest. And if anyone is offended by the term 'Emerging Market' erroneously applied herein, bear in mind that term will apply to all countries at the end of this. Suffice to say the carnage is spreading quickly...

These are all in $USD except where indicated (as is the EEM ETF), which gives an idea of the currency exchange impacts:

Malaysia