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.

Sunday, August 23, 2015

Buy The Last Dip: When The Dow Breaks. The Illusion Will Fall

Wall Street benchmarks to the S&P 500. Everyone else in the world follows the Dow. Every headline says the Dow dropped 500+ points on Friday.

The Dow has given back 20 months of gains, here's why...

Key blue chips are in free-fall...

Dow with price range of average stock:

Apple was only added to the Dow in March of this year
Fortunately the Dow is price weighted not market cap weighted and fortunately Apple's stock split recently or else the impact on the index would be huge...

-20%

Walmart:

Exxon:

Procter & Gamble (Consumer staple, non-cyclical):

Intel:

Caterpillar:

Disney:

3M:

IBM:

Chevron:

Berkshire Hathaway (peaked in December):