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, April 8, 2015
From Manic to Panic
Global thought dealers bought a six year vacation from reality, at asinine cost. The Idiocracy took the opportunity to double down.
Risk Off
Rydex bullish/bearish allocation
"No one told me we couldn't borrow our way out of a debt crisis"
