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.

Monday, October 3, 2016

The Noose Is Tight

I would be remiss in not pointing out that the opening downside gaps in the S&P are widening again, as the daily ground and pound of the seven month trend line continues...

But first, this is selling pressure (down volume / up volume):

I would also point out that today's leading market was the London FTSE, on news that the Brexit "article 50" invocation date has been settled (March 2017):

Which should complete wave 2 in our count: