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.

Wednesday, July 13, 2016

China Is Exporting Poverty

At eighty cents per hour, China can no longer compete with the likes of Vietnam, Philippines, Thailand, so multinationals are moving their factories...

Unfortunately, China is the marginal buyer of everything. For example oil:

CNY (red) with oil (black):

Put it another way, the world's marginal consumer just took a 7% pay cut in $USD and a 24% pay cut in JPY...

U.S. Ten year with CNY:

Globalization is going out of business...

Global yields, GDP, deflation: