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, March 15, 2013
Sudden Death. Overtime.
The divergence between the market and the VIX (options fear gauge), has never been wider, as Wall Street remains heads down in the Central Bank feed bag and Main Street remains head shoved up its own ass. What could go wrong?
