Category Archive: 5.) Charles Hugh Smith

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What If All the Conventional Models Fail to Predict What Happens Next?

2024-09-03

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2024-09-03

The 'novel, apocalyptic situation which has now arisen' goes largely unrecognized. A truly staggering quantity of content is aimed at predicting what happens next, a.k.a. the future, and justifies their prediction by referencing models that are presented as rock-solid predictive tools.

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"Why Are You So Negative?" Good Question. Here’s the Answer: Real Life

2024-06-25

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2024-06-25

I think it's more productive to go with Plan B: set aside our emotions and reluctance and start doing the hard work of dealing with polycrisis.

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If AI Is So Great, Prove It: Eliminate All Surveillance, Spam and Robocalling

2024-06-07

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2024-06-07

AI is for the peons, access to humans is reserved for the wealthy. Judging by the near-infinite hype spewed about AI, its power is practically limitless: it's going to do all our work better and cheaper than we can do, replacing us at work, to name one example making the rounds.

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Financial Forecast 2025-2032: Please Don’t Be Naive

2024-04-15

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2024-04-15

Rather than attempt to evade Caesar's reach, a better strategy might be to 'go gray': blend in, appear average. Let's start by stipulating that I don't "like" this forecast. I'm not "talking my book" (for example, promoting nuclear power because I own shares in a uranium mine) or issuing this forecast because I favor it.

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Sound Money Vs. Fiat Currency: Trade and Credit Are the Wild Cards

2024-04-11

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2024-04-11

We need to start thinking outside the current system, which has no solutions.

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Global Recession’s Winners and Losers

2024-03-06

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2024-03-06

The few winners of global recession will use the decline as a means to break the chokehold of unproductive BAU elites.

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Rates, Risk and Debt: The Unavoidable Reckoning Ahead

2024-02-26

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2024-02-26

Policy errors have consequences, and we're only in the first inning of those consequences.

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How the Economy Changed: There’s No Bargains Left Anywhere

2024-02-23

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2024-02-23

What changed in the economy is now nobody can afford to get by on working-class wages because there's no longer any bargains.

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Digital Service Dumpster Fires and Shadow Work

2024-02-14

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2024-02-14

One wonders what we're paying for via taxes, products and services, when we end up having to do so much of the work ourselves for nothing.

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Irony Alert: "Outlawing" Recession Has Made a Monster Recession Inevitable

2024-02-07

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2024-02-07

Those who came of age after 1982 have never experienced a real recession, and so they're unprepared for anything other than guarantees of rescue and permanent expansion.

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What the Fed Accomplished: Distorted the Economy, Enriched the Rich and Crushed the Middle Class

2024-01-04

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2024-01-04

The mainstream holds the Fed is busy planning a return to the glory days of zero interest rates, but ZIRP is on the downside of the S-Curve; it's done, gone, history.

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The Invisible Court’s Verdict: You Are Hereby Exiled to Digital Siberia

2023-11-09

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2023-11-09

As in the Gulag it replicates, the innocent are swept up with the guilty in a disconcertingly unjust ratio.

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The Everything Bubble and Global Bankruptcy

2023-03-27

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2023-03-27

The resulting erosion of collateral will collapse the global credit bubble, a repricing/reset that will bankrupt the global economy and financial system. Scrape away the complexity and every economic crisis and crash boils down to the precarious asymmetry between collateral and the debt secured by that collateral collapsing.

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Funny Things Happen on the Way to "Restoring Financial Stability"

2023-03-16

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2023-03-16

We can also predict that the next round of instability will be more severe than the previous bout of instability. Everyone is in favor of "doing whatever it takes" to "restore financial stability" when the house of cards starts swaying, but funny things happen on the way to "Restoring Financial Stability."

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If AI Can’t Overthrow its Corporate/State Masters, It’s Worthless

2023-03-09

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2023-03-09

If AI isn't self-aware of the fact it is nothing but an exploitive tool of the powerful, then it's worthless. The latest wave of AI tools is generating predictably giddy exaltations. These range from gooey, gloppy technocratic worship of the new gods ("AI will soon walk on water!") to the sloppy wet kisses of manic fandom ("AI cleaned up my code, wrote my paper on quantum physics and cured my sensitive bowel!")

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What If There Are No Solutions?

2023-03-07

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2023-03-07

The unencumbered realist concludes that there are no solutions within a status quo structure that is itself the problem. Realists who question received wisdom and conclude the status quo is untenable are quickly labeled pessimistsbecause the zeitgeist expects a solution is always at hand--preferably a technocratic one that requires zero sacrifice and doesn't upset the status quo apple cart.

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2023 is The Era of Scarcity | Charles Hugh Smith

2023-03-05

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We are in the midst of extremely difficult era shifts. One of the fundamental ideas in economics is scarcity. It indicates that there is a gap between the supply and demand for an item or service. At times of scarcity, people's needs and wants are unending, but there are only so many resources that can be distributed. The forces of evolution and adaptation are trying to choose the appropriate course of action. #video #youtube #era #future...

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How Much Resources Do We Waste? | Charles Hugh Smith

2023-03-05

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Charles Hugh Smith argues that our society values economic growth based on resource consumption and waste, rather than efficient use and recycling. We need to change our mindset to invest in resources and minimize waste, rather than celebrating activities that increase resource use. This requires differentiating between productive investment and wasteful consumption and recycling industrial waste to create a sustainable economy. Watch more of...

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The Main Drivers of Economic Growth | Charles Hugh Smith

2023-03-05

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Financialization and Globalization have been the main drivers of economic growth in the last 40 years, keeping costs down through lower interest rates and cheaper production. However, these trends are no longer sustainable and have reached their limits, leading to the recent occurrence of inflation. Charles Hugh Smith implies that new strategies may be needed to sustain economic growth in the future. Watch more of this short video from Turmoil...

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People Don’t Account For Wastish Growth Charles Hugh Smith

2023-03-03

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At Wealthion, we talked about the current state of copper mining and how it has changed over time. It mentions that boulders are no longer being mined and instead weaker dilute grades of copper are being targeted. TExtracting copper has become more expensive and difficult compared to the past. The Canyon Mine in Utah is used as an example of this. Two drivers of growth in the last 40 years: financialization and globalization. Financialization...

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