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.

Monday, April 25, 2016

Drive The Lemmings Over The Cliff. Check.

The de facto Shanghai Accord from the G20 Summit in February was a global coordinated intervention to weaken the dollar and force gamblers further out onto the risk curve. And it worked...

Normally at this point in the cycle, investors would be de-risking due to recession and earnings risk, but this time they're adding risk at the end of the cycle...

Since the G20 Summit, Janet Yellen has several times talked down the dollar...

China is grateful that lemmings went under the bus to save their Ponzi scheme for another day...
CNBC: April 17, 2016
China Is Grateful To the Superpower Federal Reserve

Blue arrows show timing of G20 Summit:
S&P 500 (SPY ETF) with Rest of world (red)

April 22, 2016 Marketwatch

U.S. Equity Exposure Highest In a Year

Oil

All juiced up and nowhere to go, but down...