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, September 28, 2016

OPEC Reaches Deal To Maximize Output aka. Last Chance To Sell

OPEC will first raise production to maximum output, in order to limit production in November...

Saudi Energy Minister Khalid al-Falih said on Tuesday Iran, Nigeria and Libya would be allowed to produce "at maximum levels that make sense" as part of any output limits

Iranian output has stagnated at 3.6 million bpd.

"The best that can be...hoped for at this afternoon's meeting is the laying of foundations for a deal when the cartel next meet in November by which time Iranian oil output may well have reached the all-important 4 million barrels-per-day mark,"

USO Candlesticks

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