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.
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Thursday, May 14, 2015
The Jaws of Obliteration: MAX PAIN TRADE
The world's two largest economies - U.S. and Europe are converging from opposite directions
Weaker than expected U.S. data and stronger than expected European data caught everyone on the wrong side of the boat.
Now the dollar is falling, the German DAX is falling, the Euro is rising and German bund yields are rising.
