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.

Sunday, March 1, 2015

This Week in Ponzi World

This week, Fed dopium dealers reminded their dopium addicts that they are using way too much free monetary dopium

Almost a year ago, they said the same thing:

ZH: July 15, 2014

Janet Yellen's Irrational Exuberance Moment

"valuation metrics in some sectors do appear substantially stretched—particularly those for smaller firms in the social media and biotechnology industries"

ZH: Feb. 25, 2015

Fed Warns (again) that equity valuations are (still) elevated

"Overall equity valuations by some conventional measures are somewhat higher than their historical average levels, and valuation metrics in some sectors continue to appear stretched relative to historical norms"

Here's how this asinine situation looks visually via Biotech, the leading sector since 2009:

Other "News"