The Road To Perdition

There were a few lessons from 2008 that need to be learned the hard way. Not the least of which is: All it takes to con the all-knowing hairless monkey into believing ANYTHING, except the truth, is enough time and unfounded bullshit. How else to explain 5,000 religions and only one god-given reality - everyone wanted their own version of what won't happen...

The way a waterfall crash works is as follows: First there's an unexpected decline, which is followed by a vigorous rally, attended by vigorous amounts of bullshit. Unfortunately, the rally falls short of the prior high. Then comes another unexpected decline. Which is followed by a less vigorous rally, yet attended by substantially more obligatory bullshit. 

Which is where we are right now.

The porn-star "relief" rally is now back-testing the two year trendline. I feel better already...

During this process of stair stepping lower, one by one the "leading" stocks get taken to the woodshed...

Until, there is no leadership left...

One thing the Idiocracy didn't learn in 2008 is that Wall Street is a casino just like any other. And they don't get paid if people are cashing in their chips.

The other thing they didn't learn is that the people hand-picked to borrow us out of a debt crisis, were all by necessity, con men. 

Because after 2008, no one could make Globalization great again 

Ponzi schemes end of course, when there is no one left to con.