Globalization has made every attempt to destroy humanity and this planet. Now it's self-destructing in real-time. 0% poverty capital funded cheap oil, and now cheap oil is imploding the global corporate world order aka. junk food and junk culture.
Corporate Mad Men have unleashed a tidal wave of deflation upon the planet. They monetized poverty and then invested the profits in over-capacity...it was a conspiracy of dunces aka. the *free trade*, free-lunch club...
"It failed. Oh well, fuck 'em, someone has to work in the sweatshops..."
The All World (Ex-U.S. index) peaked in 2007 and is now at levels reached 20 years ago. Commodities (red) are at a forty year low. Uber-dunces didn't notice that global trade and GDP growth never recovered after 2008, leading to global interest rates at 500 year lows which they then used to fund investment. Duh.
The Baltic Dry Shipping Index
"Don't worry, it's just over-supply" [not global trade growth at the lowest level since World War 2]
Emerging Markets with oil stocks: One and the same...
WTI crude made another new weekly low today. And oil volatility is rising. The "experts" in the oil sector are about to realize they're not oil experts, they're the new bag boys at the grocery store...