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 29, 2016
Bitcoin: Canary In The Casino
Bitcoin is the only way we can tell what is going on in China now...and it's nothing good...
+200% from the bottom (38% retracement) Note blue vertical line:
Bitcoin inverted (black line) with Yuan (red line) Since last August, Bitcoin has been leading the currency...
Gamble at your own risk Speaking of which, bonus chart: casinos