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.

Wednesday, September 6, 2017

Mega Crash Calling. Is Anyone Home?

Over the weekend I made the case that this setup resembles 2015, 2011, 2008, and Y2K combined. I forgot 1987. Apart from an imaginary tax cut that becomes more fantastical by the day, there is no reason to own stocks right now...

The bank heavy Dow is the weakest major index. Financials are getting hammered due to collapsing bond yields and insurers getting shellacked by the hurricanes: