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, December 11, 2016

The Fake Wealth Circle Jerk

Excessive monetary easing after the LTCM bailout led to the Y2K DotCom bubble. Excessive easing after 9/11 led to the Housing bubble. This last blow-off is compliments of Brexit...

Last Spring, Central Banksters met in Shanghai to harmonize policies and support markets. However, it was the UK Brexit vote that led to the chasmic gap in policy between Europe and the U.S. leading to the dollar carry trade and attendant sugar rally...

U.S. Financials with one year Treasury:

Nevertheless the Euro (and Yen), just double bottomed at the exact same level from last December. We see that lately, Euro rallies have not been conducive to further U.S. stock gains...

In other words, the Central Bank sponsored sugar high is 100% momentum circle jerk...

Profits versus stocks: