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 7, 2015

Emerging Market Death Spiral

FT Aug. 18, 2015
$1 Trillion In Capital Has Flowed OUT of Emerging Markets In the Past 13 Months

"Double the rate of the Global Financial Crisis"

“These outflows have much further to go,”

Collapsed commodity prices are no longer high enough to support the debt that was accumulated over six years. Debt service is rising due to currency depreciation. Capital outflow is exacerbating the liquidity crisis...

EM Stocks and oil stocks:

Aussie / Yen
The unwind is accelerating

Global growth -> Commodities -> Currencies -> Yen -> S&P Futures