The Arc of the Idiocracy

Originally, Ponzi schemes consisted of paying people back with their own money.

However, the Idiocracy took Ponzi to all new levels of asinine. What I call, the arc of the Idiocracy...



The same arc can be observed in many forms...




Global Macro: All new lows
Canadian dollar, all commodities, EM currencies, EM Debt 



Canadian stocks are in free-fall