March 10, 2016
Draghi Bazooka Fails to Impress
Recall last December...
Blue arrow:
Guardian Dec. 3, 2015
Stocks rallied on that Friday as well...
...
Wall Street: "Sell The Rally. We Did"
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.