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.

Tuesday, August 30, 2016

Globalization: Highly Liquid. Totally Insolvent

A Ponzi scheme is a liability without an asset, which hides insolvency by using inbound liquidity, until everyone wants their money back at the same time. Then the con job is over..

As it was in 2008, global financials are rallying last...

Global Financials since last August: