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.

Monday, December 15, 2014

Globalization Doesn't Do Sanctions

Don't expect Dumb and Dumber to understand that, until well after meltdown

Bloomberg, Dec. 15th, 2014
Russia sees GDP down at least -4.5% with oil at $60

Brent Crude - currently in free-fall - ended the day at $60. One would think that a legitimate "stress test" wouldn't use today's price as the "worst case" scenario.

Meanwhile...
Russia just raised their key interest rate by 7% to 17%.
I'm sure that raising the interest rate by 70% on a relative basis will help the economy.

And...

Eastern Europe: Leading the way down another -9.5% today