Category Archive: 5.) Charles Hugh Smith
Things Change
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.
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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 Hacker’s 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 word sacrifice.
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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. 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? An open conflict--a civil war, an insurrection, a coup--appeals to our affection for drama, but the more likely reality is a decidedly undramatic dissolution in which all the elements of our way of life we reckoned were solid and permanent simply melt into...
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Intolerance and Authoritarianism Accelerate Disunity and Collapse
Scapegoating dissenters only hastens the disunity and disarray that accelerates the final collapse. Authoritarianism is imposed on us, but its sibling intolerance is our own doing. Intolerance and authoritarianism are two sides of the same coin: as intolerance becomes the norm, the intolerant start demanding that the state enforce their intolerance by suppressing their enemies via increasingly heavy-handed authoritarian measures.
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Charles Hugh Smith on Intensifying Financial Repression Risks
Charles Hugh Smith on Intensifying Financial Repression Risks
http://financialrepressionauthority.com/2020/09/07/the-roundtable-insight-charles-hugh-smith-on-intensifying-financial-repression-risks/
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Deflation of the Citizenry’s Hard Assets Will Be a Huge Buying Opportunity for Insider Power Elites
The gravy train will have to stop at some point, but right now the global elites have pushed their chips on to the U.S. dollar and stocks. Editor's note: This is a guest post by my friend and colleague Zeus Yiamouyiannis, Ph.D., who has contributed essays to Of Two Minds since 2009.
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Nihilism Embodied: Our Lawless Financial System
Not only have the billionaire class made money, they have tightened their monopolistic grip on the levers of money supply and distribution, turning a global rigged casino into a global company town.
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