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.
Saturday, November 14, 2015
"Sumamabitch!!!"
Big bets on a big crash keep climbing CBOE Option Skew (Out-of-money bets on outlier event) 50 day moving average... (Prior peak was August 2014). http://www.cboe.com/micro/skew/introduction.aspx
