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.

Thursday, June 2, 2016

Globalization Is Unwinding

Japan and China have lost control of their respective currencies. It's clear that a large portion of Japan's $3 trillion in monetary hot money went to China. Now China fears a rate hike and Japan fears China fearing a rate hike...

The PBOC's efforts to strengthen the Yuan (red bars) are less and less effective...They reversed it hard yesterday, but it's already weakening again...

Accelerating outflows ahead of the Fed visualized: