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, February 15, 2016

Crude Obliteration: Refiners Going Offline "For Economic Reasons"

"the most widespread cuts since the global financial crisis"

Feb. 12, 2016

"at least five refiners - including two of the country's largest - have voluntarily cut output of gasoline and distillate in the most widespread cuts since the global financial crisis, moves that may deepen crude's prolonged rout as storage tanks at Cushing, Oklahoma, the main U.S. oil hub, near capacity."

"This is going to put back pressure on crude, but you had an ongoing imbalance between supply and demand,"

"consensus sentiment is right now, that demand will surprise to the downside."

U.S. Refinery demand as of last week:

"Refiners are cutting back"