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, September 15, 2016
Lehman Day
What has changed since Lehman? More debt. What has changed since the last two flash crashes? More leverage.
2010 Flash Crash A series of lower highs on the daily
