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 11, 2016
Slowly At First, Then "Aw Fuck, Not This Again!!!"
All World Index
Wilshire with S&P 100 volatility
Russell Small Cap
Johnson & Johnson Ratio S&P
High Yield "Junk" aka. Energy risk
Credit Suisse is the latest European bank blowing up...
Gold was the big gainer today
Per the deflationary hypothesis, dollar weakness is a headfake...when the Ponzi scheme collapses there will be far too few dollars, not too many. Against other currencies, gold will likely outperform.
Thanks to multinational corporations, deflation #Won:
Game over, man.