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, October 13, 2015
Goldman Sachs Always Knows Something. Don't They?
This week's Option Skew (Out of the money bets on implosion) is the highest ever... The second highest ever was exactly 17 years ago: October 13th, 1998:
