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.

Tuesday, January 27, 2015

Muppets to the Slaughter

The lemmings just ran off the cliff

CNBC: Jan. 27th, 2015:

ZH: Jan. 27th, 2015

2015 earnings will be lower than 2014, which in turn were lower than 2013

Perfect Timing:

"More lenders are lowering down-payment requirements, allowing borrowers to commit 3%—or even less—of a home’s purchase price to get a mortgage. Many had been requiring down payments of at least 20% since the recession began."

"The moves come as mortgage originations declined substantially last year. Lenders gave out an estimated $1.12 trillion in mortgages in 2014, down 39% from a year earlier and the lowest amount since 1997"

The ~~fiscal~~ ~~trade~~ attention deficit. Fatal.