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.
Futures are down currently in the early pre-market, because there was "only" a 60% probability of a "No" vote as of Friday. Although the night is young and every other overnight selloff has been bought.
Therefore, I've come to realize that I've been wrong in my belief that the machines were the enemy of the humans. Quite the contrary, the humans are their own biggest problem. Machines were trying to save the humans from themselves. Such fools...
Why, because as we've seen three times so far, the disintegration of Globalization was SOLD by the machines and BOUGHT by the humans.
Conversation with typical financial advisor:
"I need to know, is Globalization collapsing, a buying opportunity?"
"Of course it is"
As we see from the USDJPY above, the machines sold in the off hours, humans bought every dip...
China currency meltdown:
Machines: Limit Down
Humans: Definite buying opportunity
Machines: EU disintegration. Limit Down
Humans: EU disintegration. Load up
Machines: Clown for President? Limit Down
Humans: Our saviour has arrived. Buy Italian Referendum with global banking repercussions Machines: Sell Humans: Load up on Financials ahead of time