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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Sunday, November 13, 2016
"In What Time Zone Will This Charade End?"
USDJPY global carry trade is last to roll over to RISK OFF...because say for example everything else is imploding... ZH: Nov. 13, 2016 Market Mayhem Resumes. USDJPY Jumps Higher. Bonds Sell Off... Lucky and stupid are the exact same thing at this moment...
