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.

Friday, November 13, 2015

Silent Scream: Peak Fake Wealth

“There was a lot of electricity in that room,” said Joanne Heyler, the director and chief curator of the Broad Art Foundation. “It felt bubbly. We’re in a time when anything much under $10 million is a ho-hum lot.”

IPO Collapse. Biotech "re-pricing". China syndrome. All of these have monkey hammered Yuppy Etraders real good.

Now those at the very top are next in line...

ZH: Nov. 12, 2015

London Ultra-Luxury Condo Bubble Bursts -12%

"Blackboard":

Some abject dunce paid $70 million for this painting this week. It last sold in 1990 for $3.9 million "a steal":

Sotheby's Auction House