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.

Friday, June 24, 2016

Exploding Poverty Is Not A "Buying Opportunity"

Buffoon elitists hurled themselves into a buzz saw this week. All good. However, that may be the number one headline, but it ignores the far more dire global backdrop. Basically Central Banks have lost all control over deflation...

China versus U.S. yield aka. 'Club entitlement'
Everyone else will go bankrupt while they collect special dividends from the cost savings...

In Elliott Wave terms, there is always going to be one event that breaks the camel's back. However, it's the asinine series of bad decisions preceding that event that make it inevitable. This week, global interest rates hit a new low due to exploding deflation. Oil bowed to the deflationary trend. And stocks bowed to oil...

Oil and stocks have been tracking 1:1 since June 8th. Although today S&P futures fell through the floor at the close. Which portends badly for Club Entitlement...