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.

Monday, October 10, 2016

QE Whores Versus Stampede

An Idiocracy is a society that can be conned over and over again with the same bullshit spewed by the same con artists...

Active Management has been systematically obliterated by Central Banks:

So, what to do?

ZH: Oct. 10, 2016

BTFD! The Only Strategy That Matters

Global GDP (red) versus S&P 500 and Combined Central Bank Assets (green). 2016 GDP estimate is the one released by the WTO in September.

BTFD!

Speaking of con artists, today's short-covering rally is compliments of Russia pretending they will join the still-to-be-negotiated OPEC freeze should it ever possibly transpire...

They said the exact same thing back in January...

"So much for that agreement to freeze output.
The latest oil market data reveal that both Russia and Saudi Arabia ramped up their oil production in February, despite talks about supply caps."

Saudi stocks need all the lies they can get...

Russian stocks with Brent crude

Natural Gas