Category Archive: 5.) Charles Hugh Smith
Will the Stock Market Be Dragged to the Guillotine?
The Fed's rigged-casino stock market will be dragged to the guillotine by one route or another. The belief that the Federal Reserve and its rigged-casino stock market are permanent and forever is touchingly naive. Never mind the existential crises just ahead; the financial "industry" (heh) projects unending returns of 7% per year, or is it 14% per year?
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Why We’re Doomed: Our Delusional Faith in Incremental Change
Better not to risk any radical evolution that might fail, and so failure is thus assured. When times are good, modest reforms are all that's needed to maintain the ship's course. By "good times," I mean eras of rising prosperity which generate bigger budgets, profits, tax revenues, paychecks, etc., eras characterized by high levels of stability and predictability.
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Our Simulacrum Economy
In the hyper-real casino, everyone has access to the terrors of losing, but only a few know the joys of the rigged games that guarantee a few big winners by design. Readers once routinely chastised me for over-using simulacrum to describe our economy and society.
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A Hard Rain Is Going to Fall
The status quo is about to discover that it can't stop the hard rain or protect its fragile sandcastles. You'll recognize A Hard Rain Is Going to Fall as a cleaned-up rendition of Bob Dylan's classic "A Hard Rain's a-Gonna Fall".
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Things Change
Things change, supposedly immutable systems crumble and delusions die. That's the lay of the land in the ย The Empire of Uncertainty I described yesterday.
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Things Change: Charles Hugh Smith
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Things Change: Charles Hugh Smith , Keyword
"Doing more of what's hollowed out our economy and society" is a slippery
path to ruin. Things change, supposedly immutable systems crumble and delusions die. That's the lay of
the land in the The Empire of Uncertainty I described yesterday. It's difficult not to be reminded of the Antonine Plague of 165 AD that crippled the Western Roman
Empire....
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The Urban Exodus and How Greatness Goes Bankrupt
The best-case scenario is those who love their "great city" will accept the daunting reality that even greatness can go bankrupt. Two recent essays pin each end of the "urban exodus" spectrum.
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The Empire of Uncertainty
Anyone claiming they can project the trajectory of the U.S. and global economy is deluding themselves. Normalcy depends entirely on everyday life being predictable. To be predictable, life must
be stable, which means that there is a high level of certainty in every aspect of life.
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Helicopter Money and the End of Taxes
Rather than right the ship, the "easy fix" is to distribute "free money"--not just to billionaires and corporations but to everyone.
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Charles Hugh Smith: Radical Changes in Jobs Market Now & in Future
Economy," "Get a Job, Build a Real Career and Defy a Bewildering Economy" and most recently, "A Radically Beneficial World: Automation, Technology and Creating Jobs for All." His work is published on a number of popular financial websites including Zero Hedge, Financial Sense, and David Stockman's Contra Corner.
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People Are Now Aware Of What Will Happen
Recently, people are more aware of what can happen. This awareness raises in economic conditions and political realities make people think. Every new choice is a new beginning for people.
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The Silent Exodus Nobody Sees: Leaving Work Forever
The "take this job and shove it" exodus is silently gathering momentum. The exodus out of cities is getting a lot of attention, but the exodus that will unravel our economic and social orders is getting zero attention: the exodus from work. Like the exodus from troubled urban cores, the exodus from work has long-term, complex causes that the pandemic has accelerated.
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Inflation and “Socialism-Lite” Are Just What the Billionaires Want
After a bout of inflation and "socialism-light", we could end up with even more extreme inequality when the whole rotten structure collapses.
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Charles Hugh Smith: What Would A Better System Look Like?
Writer, philosopher and long-time contributor to PeakProsperity.com, Charles Hugh Smith, returns to the podcast to explain the new socio-economic model he has just introduced to the world through his new book A Hackerโs Teleology: Sharing the Wealth of Our Shrinking Planet.
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“Inflation” and America’s Accelerating Class War
Those who don't see the fragmentation, the scarcities and the battlelines being drawn will be surprised by the acceleration of the unraveling. I recently came across the idea that inflation is a two-factor optimization problem.
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Sacrifice for Thee But None For Me
The banquet of consequences for the Fed, the elites and their armies of parasitic flunkies and factotums is being laid out, and there won't be much choice in the seating. Words can be debased just like currencies. Take the wordย sacrifice.ย
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The Four D’s That Define the Future
When the money runs out or loses its purchasing power, all sorts of complexity that were previously viewed as an essential crumble to dust. Four D's will define 2020-2025: derealization, denormalization, decomplexification and decoherence.ย That's a lot of D's. Let's take them one at a time.
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This Is How It Ends: All That Is Solid Melts Into Air
While the Federal Reserve and the Billionaire Class push the stock market to new highs to promote a false facade of prosperity, everyday life will fall apart. How will the status quo collapse?ย An open conflict--a civil war, an insurrection, a coup--appeals to our affection for drama, but the more likely reality is a decidedly undramaticย dissolutionย in which all the elements of our way of life we reckoned were solid and permanent simplyย melt into...
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