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 7, 2016
The Zuckerberg Omen
When only two stocks are holding up the entire market, and one of them is Facebook...
And the other one is Amazon:
Amazon (black) versus: Sears, 10 year Treasury, Junk bonds, Global trade, and Deutsche Bank:
The Casino and the Economy: The Internet Index fund w/Fed Funds rate