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.

Sunday, November 27, 2016

In Clowns We Trust

The best case scenario this week is that OPEC "agrees" to a cut in output amounting to 1.1% of global daily output. The exact same amount that output has risen since September...

And while that's not happening, junk bonds, Emerging Markets, Energy stocks and oil itself - all massively leveraged to serial OPEC bullshit - will be getting marked down to year-end reality for the third year in a row:

Global oil production
https://www.eia.gov/forecasts/steo/report/global_oil.cfm

While stoned gamblers are ALL IN for their Santa Trump Rally...

Dow with investor cash balances:

While the Fed is left cock in hand for their punk ass .25% rate increase. I mean "reflation" for dedicated serial fucktards with the attention span of a coked up flea...