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, February 26, 2016
"This Is Not 2008". It Just Looks Like It...
"This time they chose to ignore all of the identical warnings signs and just pretended it wasn't happening again. Because everyone knows that borrowing more money always fixes a debt crisis. They were 100% Idiocracy, no fucking around" Financials are leading this week's G20 "bounce" aka. "More dopium please" U.S.:
Global:
Deutsche Bank:
Credit Suisse
Northern Trust
Ameritrade:
Morgan Stanley
Goldman Sachs
Lending Tree: Up 30% this week. Nothing odd about that...
The last two rallies ended with Lending Tree going parabolic, I'll go out on a limb and say this one just ended too...
