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.

Wednesday, June 15, 2016

Mega-Collapse As Usual aka. "Buying Opportunity"

Every global financial risk factor is at level '11'...don't worry, no zombies have noticed...

Global Risk off. Check
JPY daily, weekly, hourly reversal. Check
Volatility Explosion. Check
China nightly currency devaluation. Check
EM/Asian/European stock implosion. Check
Global Bank implosion. Check.
3rd wave down Global Dow. Check
Dumb beta rollover. Check
Short-covering ahead of Fed. Check

OilPlosion. Check

3x leveraged oil is now down -20% from last week's high

Island reversal of fortune visualized aka. "Sumamabitch!!!"

WTI:

What do oil, currencies, deflation, global stocks, financials, transports, small caps, retail, and Treasuries know?