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, November 5, 2015

"If You Build It, They Will Come" Or Not...

History's largest output gap, financed using 0% poverty capital, compliments of mass layoffs...

Demand didn't show up. Shocker.

MS World index (ex-U.S.) with Commodities

Iron ore race to the bottom aka. why Aussie/Yen is not rallying
CNBC: Nov. 4, 2015
Iron Ore Prices Will Continue to Fall

"Seen as a key gauge of the global economy, the raw material used in steel production is under heavy pressure as construction activity slows in largest consumer China. Normally, that would spur companies to curtail production.

We'll make it up on volume, because that always helps price...
"Despite slowing demand in China, the world's top three iron-ore producers—Brazil's Vale SA as well as Australia's BHP and Rio Tinto—continue to churn out record volumes of the product as the companies rely on low cost of production to bolster their earnings."