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, September 4, 2017

China Killed The RISK ON Party

It's appropriate given that China's mega stimulus fueled both the first and second stages of this eight year bubble, that the capitalists in the Chinese Communist Party would now kill the second rally...

"China's crackdown on "initial coin offerings" may be much wider than first thought, with the wording of the crackdown potentially making all cryptocurrency trading illegal."

As far as social mood goes, it peaked in 2015

Futures gapped down Sunday evening hence Skynet, which doesn't take Labour Day off is now retracing into the gap.

Front-running gamblers ahead of the next leg down...

I would suggest that China clamping down on capital outflows is not going to be conducive to EM inflows...