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, February 26, 2015

Those Who Don't Learn From History. Lose Everything.

"Stocks have reached a permanently high plateau" - Irving Fisher, 1929

MW: Feb. 26, 2015

"Irving Kahn, who shorted the 1929 crash, dies at 109"
(a lot of Irvings in those days)

MAX COMPLACENCY: The new permanent plateau

NYSE Margin Debt as of Dec. 31st:

CNBC: Feb. 26, 2015

Greenspan: "Effective demand is as weak as the late 1930s"

"The way I measure it, it's probably tantamount to what we saw in the later stages of the Great Depression,"

Forty years ago, a 20% output gap was called a severe recession:

Got deflation?