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.

Saturday, June 24, 2017

Dedicated Central Bank Muppets

One minute I held the key

Next the walls were closed on me

And I discovered that my castles stand

Upon pillars of salt and pillars of sand

Never an honest word

That was when I ruled the world

It's one thing to play dunce to serial asset bubbles eight years apart, it's an all new Alzheimer's low to play the dunce for back-to-back asset bubbles...

"Aw Fuck, is this another financial crisis? I thought the bailouts, printed money, and ponzi borrowing fixed everything"

Of course Prechter will be right in the end - just a bunch of serial clowns blowing smoke up each others' asses...

Don't forget last week's cover...

Which led to this week's risk on rally:

"It's too soon to worry about another financial crisis"