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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Friday, November 13, 2015
The Hardest Landing
Oil pounded as rig count rises for the first time in 3 months. Someone didn't get the memo that there's already enough oil on the market... This just in:
U.S. days of supply (black) with daily production (red)
