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.

Tuesday, May 22, 2018

What The Fool Does At The End

Banks were on fire today. Regionals made new all time highs. No need to wonder why...

"Lawmakers voted 258-to-159 Tuesday to advance a measure that is the product of years of financial-industry lobbying to soften post-crisis rules"

Before we get to banks, I noticed that Transports have carved out a fractal identical to last cycle - one degree larger

"Free money"

ZH: Liquidity Is A Carefully Crafted Delusion

"The long expansion accompanied by relatively low market volatility may have helped disguise an under-appreciated rise in “market fragility.”