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.
Wednesday, November 16, 2016
CHINA SYNDROME
China's currency is going into meltdown mode, but stoned gamblers are too busy trading junk stocks to notice...
To be clear, this is the most beaten down sector of the entire market, hence last to rally...
