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.

Friday, December 21, 2018

Globalization Limit Down

The last time an option expiration was this weak was August 21st, 2015, the Friday before (Monday) Smash Crash.

Any questions?

Biotech led the losses, down -14% this week:

The headlines from that week were eerily similar to now: Concerns over a Chinese/Global slowdown and Fed tightening.

This has been the worst December since 1931 and is on track for the worst year since 2008.

For this week:

CNBC: The Dow lost 6.8 percent and 1,655 points on the week. It was its worst percentage drop since October 2008.

"Now should I worry?"

"Don't worry, you're totally fucked. We just flipped our forward guidance to a minus sign. Try your luck again next cycle"