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.
Monday, April 2, 2018
Fashionable Ignorance aka. "BTFD"
We're running a contest to see who can be the most ignorant and arrogant. Winner gets to be president. The runners-up lose everything... Any questions?
Compliments of all of this chicanery, as I write, the casino is right back at the 200 day Maginot Line. Which means it's time for another quick bounce OR stained underwear. Whichever comes first...
Meanwhile, the last bubble prize goes to crude oil:
You know, same as last time:
Typical question and advice from idiots to bigger idiots: How will trade wars, record valuations, and record over-allocation to Tech affect my casino investments?
“It’s hard to say what stocks may do in a trade war,” says Jeffrey Kleintop, chief global investment strategist and senior vice president for Charles Schwab" “The last trade war among major countries was 90 years ago"