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.
Wednesday, March 29, 2017
South Park Savoir Faire
I believe in God, but I don't believe in anything else. I especially don't trust the hairless monkey. Somehow they know everything while knowing nothing at the exact same time. Incredible.
Bank stock risk exposure topped, dropped and now hit a new weekly high...
Doesn't seem like a great idea:
Due to over-exposure to banks, the Dow went from multi-decade overbought to now down 9 days in the past ten...
In other words, this will be the fastest and hardest drop.