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.

Tuesday, September 1, 2015

The Yen-driven Flash Crash. Was A Mild Preview Of Wave 3

Yen Hourly:
Most of the downside (and upside) has been off-hours U.S., causing the multiple "gap and trap" openings.

What's not shown on these charts is that off hours the Flash Crash broke the neckline down to 116, giving an idea of the velocity of decline...

It's a long way down...