Ponzi schemes are measured in terms of how many people are conned. By that metric, this one is human history's largest without any possible comparison...
What we've learned since 2008, is that trickle down fake wealth is far better than real wealth because real wealth would require balanced trade, balanced budgets, and overall responsibility to future generations. Unfortunately the concept of responsibility is not an option for Generation Madoff...
"Nothing else matters"
Eight years since the global financial crisis and global money printing is running at new all time record levels. Meanwhile Mario Draghi confirmed yesterday that European inflation remains anemic therefore extraordinary money printing is still required in order to propagate the delusion of recovery. In other words, the ECB is the lender of first and last resort for a society hell bent on monetizing the entire future.
We've also learned that the bigger the asset bubble, the "lower the risk"...
"Unlike a stock, bitcoin has neither traditional revenue nor profits behind it"
In other words, the only way to measure Bitcoin valuation is based upon the number of Japanese housewives who are willing to throw their life savings away on it...
In summary, the global reflation trade is as dead as a doornail meaning that Go Daddy and Bitcoin are the last "safe havens"...
U.S. Oil ETF
Oil with commodities
Recession stocks
Johnson & Johnson
Philip Morris
Amazon
Go Daddy
IPOs
Snapped Chat rolling over has coincided with the casino tanking twice, albeit mildly. So far...
