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, May 1, 2016

The High Cost of Charades: Oil In A Nutshell

The rally in the futures market has delayed the oil market from finding bottom. The next leg down will do the trick as oil gets pile drived lower...

A futures-driven market in a perpetual state of contango (futures price higher than spot) indicating severe glut, embeds ENORMOUS losses. As indicated by the ETF which absorbs those losses...

The sound of money being flushed down the toilet...the third failed rally attempt in a year on colossal volume...

USO:WTI ratio % change: -75%