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 28, 2015

Globalization Is Collapsing Amid Asinine Levels Of Hubris

"It can't happen to me"

Bulls enjoyed another high volume ground and pound today. The S&P broke the October 2014 weekly low (first chart below). Biotech was bludgeoned, on 6x normal volume, now down -28% from highs. Asinine hubris reigns supreme...

This just in:

"Fed's Williams calls for rate hike later this year"