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, January 1, 2017
Predicting Crashes
Most would say that it's a fool's errand to attempt to predict crashes ahead of time. Which is what ensures that they happen...
There have been four major selloffs in the past two years, offering ample opportunity to identify a leading indicator of impending crash.
