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
Reflationary False Profit
The sociopaths will now learn that free trade is not free... When Financials are the last sector holding up the market, what happens when they roll over? False profits are exposed. Volume is from the VIX ETF (VXX):