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.

Sunday, April 10, 2016

Human History's Biggest Margin Call aka. 1997 x 2008

Japan exported $3 trillion of capital over three years during human history's largest monetary experiment. Now it's all returning overnight, as currency-induced losses force accelerating unwind...momentum begets momentum...

The fantasy of the day is that the BOJ can now stop this force unwind by using more intervention:

BOJ balance sheet with JPY: