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, September 14, 2015

The Globalized Ponzi Scheme Is .25% Away From Collapsing

...it's a huge margin of error...

Weak hands have been covering ahead of the all-important Fed meeting this week (Wed/Thurs). If they raise, dollar rallies, and Emerging Markets shit a brick. If they don't raise, Yen rallies and EM shits a brick...

My count below mirrors both Y2K and 1929...Complete with an identical 69% retracement (wave 2 / wave 1)...

Prechter & Co. have this three week rebound as wave 4 of 5. Which implies a wave 5 downside overthrow retest of the recent lows (followed by major rally), which would make wave 4 extremely deep. The difference to the downside between our counts will be measured in thousands of Dow points...

Regardless, the technical damage from this collapse can be seen below. Last October's sell-off to roughly the same level, was recovered within three weeks to a new high. For the past three weeks shorts have been covering and buyers have been piling back in, yet the market is lower than it was two weeks ago...