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.
Sunday, March 13, 2016
March 10th, Y2K: Fool Me Three Times, Shame On Me
March 10th, 2000 was the peak in the Nasdaq. At this late juncture, the Nasdaq is already making its third lower high, having peaked last July.
The third lower high should never be bought. Don't ask me how I know...