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, December 18, 2016
The Last Emperor: Circus Clownius
2012: One of many attention deficit random jackass comments about China...
Fast forward to NOW:
Meanwhile, outside of the circus...
The ringgit has lost more than 6 percent since the U.S. election, the biggest decline in emerging Asia
EM Currency and Credit
Per my previous post on oil...demand is already falling:
EM Currency with Oil:
U.S. listed Chinese stocks: