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, September 15, 2016
Lehman Day
What has changed since Lehman? More debt. What has changed since the last two flash crashes? More leverage.
2010 Flash Crash A series of lower highs on the daily
