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.

Showing posts with label panic. Show all posts

Saturday, May 26, 2012

BTFD until the SHTF

Buy the Fucking Dip [BTFD] - that's Wall Street's mantra these days. And why not, it's worked well for most of the past three years, save for a couple of notable market meltdowns. As I have said before, Central Bank liquidity programs are payoffs for large institutions to look the other way to risk. Therefore, not withstanding worsening fundamentals in Europe, here in the U.S., and in China, I have yet to find one stock analyst saying that stocks are an outright sell. Small investors, on the other hand, having just gotten unfriended by the Facebook IPO, are selling big time...