Ponzi World (Over 3 Billion NOT Served)

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.

Sunday, October 9, 2016

Competitive Debasement Is Not As Much Fun As It Sounds

Currencies are the final arbiter of this Ponzi scheme...

Collapsing Pound
Out of control Yuan
Strengthening Yen
Imploding C$

It used to be that bond markets punished governments for political missteps by ratcheting up borrowing costs, but the broad-based debt rally brought on by quantitative easing across many major economies has diminished their ability to respond to these types of issues, explained David Bloom, HSBC’s global head of currency research in a Friday note.

So, currency markets have assumed the mantle of “de facto official opposition to the government’s policies”

I've shown how C$ and oil are correlated: