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.
Wednesday, January 27, 2016
Third Wave Down. Resumed.
The Third Wave paused to pick up more bagholders for the way down, and to allow shorts to cover ahead of the Fed... PBOC ECB Fed BOJ Zuckerberg shrugged...