ZH: June 27, 2016
European Banks Worst Two Day Loss Ever
Global Financials
U.S. Financials
Broker/Dealers (Wall Street):
Asset Managers (Trusted Advisors):
Schwab
Northern Trust
JP Morgan
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.