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.

Saturday, January 3, 2015

BitCasino: Canary in the Coalmine

Currencies are getting destroyed against the dollar, in line with the deflationary hypothesis...

Bitcoin at a new cycle low

$USD: w/Prechter & Co latest EW labels

i.e. a 5 wave impulse now in the 3rd and largest wave:

Oil and commodities are already monkey hammered.
If this accelerates, game over, man - currently back in 2005 on the way to the 1990s...

Chilean Peso

Brazilian Real

Polish Zloty

South African Rand

Norwegian Krone

Japanese Yen

EVERY currency is weakening against the dollar.

The noose is tightening.