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.

Thursday, April 9, 2015

This Week In Oil Collapse

ZH: April 8, 2015
Cushing 90% full. Inventories surge most in 14 years

Oil analysts are this era's real estate agents - industry-owned stooges reluctant to predict when they will be out of a job...

CBC: April 8, 2015
U.S. Crude Inventories Jump 3x more than expected

BBG March 18, 2015

U.S. Oil inventories Increase 2x more than expected

MW: Feb. 24, 2015

U.S. Oil Inventories Increase 2x more than expected

Stored U.S. oil going back 20 years:

(Data from This week in Petroleum):

CBC April 8, 2015

"Beyond the oil in storage, the new data showed that U.S. oil producers continue to pump out more oil than they ever have"

ZH: April 9, 2015:
Saudis boost production to record highs to retain market share

The locus of risk.

Energy sector stock prices / Price of oil

There are only two ways this can come into alignment, and we know oil prices are not going to rise...