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.

Friday, December 2, 2016

3x Leveraged Oil Risk aka. More Bad Timing

In addition to an Italian referendum which could monkey hammer global financials following their biggest three week rally ever...the biggest oil rally in six months will now be followed imminently by the delisting of the most highly leveraged oil ETF (ETN), requiring everyone to sell down their positions in the next three trading days...

In order to comply with the SEC's drive to reduce market leverage, as of this Thursday, December 8th, Credit Suisse is delisting the ultra popular 3x leveraged Oil ETF, which gained 33% this week on record volume...

I'm sure that everyone selling down their shares between now and Thursday won't impact the oil futures market, much, now that shorts have all covered...

ETF holdings:

"Sell"

Did everyone get their fill of OPEC bullshit this week?

This is USO 1x leveraged ETF with the new global output level (96.1 mbpd), assuming no cheating...