Globalization Is Competitive Debasement. Of Humanity.

As of this past week, Europe, China, and Japan have joined the U.S. in tightening liquidity. Which means DHL Risk - overnight delivery. Guaranteed...

Gamblers have been conned into believing that Trump is the beginning of the cycle, whereas he happens to be the end...

"It was all going so well. For me I mean, fuck everyone else"

The United States, and its vassal states across the Western world, have been engaged in a non-stop bid for competitive debasement for months, years, and decades. Slowly at first, now all at once.

At this latent stage of dementia-ridden corruption we are to believe that deleting political emails is extremely bad, but only because how then can they be hacked by the Russians and used to win elections? Likewise calling a subset of the electorate 'deplorable' one time is extremely bad, whereas castigating the entire world on a 24x7 basis is how you make America Great again. Sorry, not buying it. Unlike some people, I don't vote against my own interests for 35 years straight.

As we see above, the casino levitation trick was used to take people's minds off the fact that everything was getting worse in the background since the 2008 bailout. 2008 proved that Globalization failed. Who better to know that than the Chinese who had done yeoman's work shuttering 17 U.S. factories per day since WTO ascension, to bootstrap their way to the big table. Only to have it all collapse with extreme dislocation. Subsequent to 2008, the global "recovery" has consisted of tens of trillions of newly printed money to paper over abject economic failure. Instead of raising the Third World to developed world standards, quite the opposite has occurred. Now we need to raid healthcare and otherwise run the deficit at -5% of GDP to fund tax cuts for the obscenely wealthy. This is the dumbest and most corrupt fucking society ever. 

Now, back to the casino...

Anyone who wants the cliff notes for where this is going can see this right here:

The iPhoney rally

Speaking of the end of the cycle. We see in this repeating fractal, that this latest period of reflation/deflation is roughly one quarter the scale of 2009-2016:

Now of course, the U.S. is tightening, Europe is getting set to tighten, and China is tightening ("Daggers Falling From the Sky").

Which means that Japan is the only Central Bank still supporting the global casino. Of course, Abe was re-elected last week, so the first order of business is to pull in stimulus to save it for the the next election.

In other words, the Jedi Mind Trick has lost Central Bank sponsorship.

Spot the divergence:

The Gundlach fake reflation trade is over. It was as fake as the people who believed in it.

The ten year just took back the massively shorted Maginot Line of 2.4%. Batten down the hatches: