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.

Thursday, September 17, 2015

Heading For A No Bid Market: We've Been Warned

Back on August 20th, I said that Skynet was losing control, heading for a no-bid market...

Skynet was keeping the indices pinned to all time highs while heavy selling was taking place underneath and in the overnight futures:

Down volume / Up volume

Two days later the IPO ETF lost 43% at the open:

The Nasdaq 100, which had been holding the shit show together, lost 15% at the open:

Nothing has been done to investigate what happened or otherwise improve liquidity.

Those dips got bought, but we need not assume that the next one will.