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.
Friday, October 21, 2016
China Has Lost Control Over Its Currency
JPY GBP Yuan Updated Friday 10:00 am EDT: China devalued the Yuan massively last tonight, but first a different perspective on the big S&P rally...
Another island reversal of fortune, due to 10 point gap down in S&P...
