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 16, 2016
What Does Bitcoin Always Know. About China?
To begin with, we could conclude that the currency is not going up anytime soon...but devaluation has only monkey hammered the attention deficit Idiocracy twice, which is one time too few...
We can safely assume that last night's Yen monkey hammering didn't help capital flows...
YenYuan (red) versus CNY:
One year % change