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, October 26, 2015

A Third Wave Down Across All Global Asset Classes

"In the end the entire charade was supported by Facebook and 3x overvalued beer stocks. On record low liquidity"

This just in:

"The oversupply of oil worldwide has had storage tanks in Cushing, Oklahoma, at record levels for most of the year. It's not just crude that is in oversupply, but also refined products...Earlier this year, Goldman predicted WTI oil could go as low as $20 a barrel...Many oil speculators have been taking long positions in oil, thinking that the market will be balanced next year and prices will rise. But the continued glut is starting to discourage that strategy."

Oil prices (black) with U.S. oil production (red)

Data from: http://www.eia.gov/petroleum/weekly/

EM stocks and oil stocks:

As long as Facebook (Amazon, Google) doesn't roll over, this will all be fine...