Wednesday, September 9, 2015

Atlas Shrugged. Indeed.

The Yuan Devaluation was the moment when the entire Third World gave widely-ignored notice that this Bernie Madoff inspired clusterfuck is ending.

No longer could they shoulder the burden of the West's ongoing consumption profligacy while their own children toiled in corporate sweatshops for ten cents on the dollar. And the days of Slumdog billunaires liquidating the middle class for special dividends while their fake wealth was held aloft by Central Banks monetizing poverty into "free money" aka. 0% - were put on notice.

The Third Grade math behind the Third World problem was no longer working:

The Global devaluation was this era's Lehman Moment, inconveniently seen as a "buying opportunity" by the Walmartized Idiocracy.