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.

Tuesday, March 8, 2016

Bagholder Phase: Aka. "Sumamabitch!!!"

Northern Trust (wealth management) is a harbinger of the future...

Contrary to popular belief, Elliot Wave isn't "financial voodoo" - such as extrapolating earnings estimates for the next four quarters - it's just social mood expressed in recurring market patterns.

A wave '3' event merely indicates nested failed rallies at multiple degrees of trend (timeframes). Intuitively, price makes an all time high, then falls. Then it retraces part of that high but fails again. Then it retraces part of that last rally and if/when that fails, everyone shits their pants at the same time...

Because they realize THIS TIME it really IS over and THEY are the bagholders...