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.
Friday, May 20, 2016
The Oil Rally Is Over
Short covering is the last source of liquidity... Skynet is using Options expiration to keep this shit show levitated. Today's gap up will have a shelf life measured in hours... ZH: May 20, 2016 Canada, Libya, and Nigeria Resume Production Oil (USO ETF)
