Ponzi World (Over 3 Billion NOT Served)

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.

Thursday, January 4, 2018

Global Meltup To Meltdown

The narrative is that "global stocks" are at new record highs. Not quite - a handful of markets ex-U.S. are at record highs (UK, Canada, India), but the rest are far below their prior highs...

I just showed the Shanghai Surprise, so here's Hong Kong:

The overnight global melt-up has put a perma-bid under the S&P futures, the likes of which we've never seen before.

Those who believe that the melt-up is just "getting started" are the REAL dumb money coming in at the end...