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.

Tuesday, August 4, 2015

The "Black Swan" Event Known As "Sell" Is Underway

Speaking of chasmic deflationary gaps, the spread between 1 year interest rates and Treasury deflation expectations has never been wider...

This is called Fantasy Island:
The Fed doesn't have one fucking brain to share between all of them...
TIP:Tenz Inflation premium (black line)
With 1 year Treasuries (red)

Emerging Market Currencies are not impressed...

EM Debt: A "Black Swan" event called "Sell" is underway

"We're opting for the Puerto Rico option, called keeping our money"

ZH: August 3, 2015
First Default by U.S. Commonwealth In History