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 10, 2016

Oil Triple Ponzi

Oil is 3x leveraged to China, and stocks are 100% correlated to oil. On the downside. Really, what could go wrong...

"China is importing so much crude, it's absolutely insane. They're importing about a million barrels a day more than they are actually consuming,"

By Smith's count, China has stockpiled about 135 million barrels of oil. The trouble is the most optimistic estimates put China's storage capacity at 155 million barrels, he said.

In theory, China could hit capacity in 20 to 30 days, at which point imports will "drop off a cliff,"

Island reversal. Of fortune.

Gap up head fake. Gap down reversal.

3x leveraged oil