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, February 18, 2016

"Sumamabitch!!!" aka. Terminal Idiocracy

Bonds, carry trades, and oil are all in RISK OFF mode, only stocks are in Buy the collapse mode...

The crude oil inventory "drawdown" reported by the American Petroleum Institute yesterday was false. The government reported today that there was ANOTHER build in U.S. crude inventories. Another bogus rally down the drain...

Bonds are making stocks look dumb as usual:

Bond yields:

JPY

Oil: