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, June 23, 2017
Dumb Money Encore
I'm just going to keep putting out new counts until one works. That's what Prechter does, and he charges for it... I'm more interested in the Nasdaq 100 right now (Facebook and friends):