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, April 6, 2015
Elliot Wave v.s. Skynet
Skynet is about sucking money in on low volume. Elliot Wave is about puking it out on high volume.
The Russell (small cap) / Dow ratio: Getting giddy, at the worst possible time:
