Category Archive: 5.) Charles Hugh Smith

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Flying Blind: Clueless about Risk, We’re Speeding Toward Systemic Failure

2020-10-29

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2020-10-29

For all these reasons, the risks of systemic collapse are much higher than commonly anticipated. There's an irony in discussing risk: since we all have an instinctive reaction to visible risk, we think we understand it.

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How Systems Collapse: Reaping What We’ve Sown

2020-10-27

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2020-10-27

Don't expect healthcare or any other hollowed-out, heavily optimized system to function as it once did. A great many Americans will be shocked when our healthcare systems start failing because they believed the PR that "we have the finest healthcare system in the world.

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Next Up: Global Depression

2020-10-26

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2020-10-26

The belief that central banks printing currency can "buy/fix" everything that's broken, lost or scarce is the ultimate in denial, fantasy and magical thinking. Let's revisit the pandemic projection chart I prepared on February 2, 2020, nine days after authorities publicly acknowledged the Covid virus outbreak in China.

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Charles Hugh Smith on Inflation

2020-10-23

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Charles Hugh Smith on Inflation

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Everything is Staged

2020-10-22

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2020-10-22

All the staging is a means to an end, and everyone in America is nothing more than a means to an end: close the sale so the few can continue exploiting the many. You know how realtors stage a house to increase its marketability: first, they remove all evidence that people actually live there.

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The New Tyranny Few Even Recognize

2020-10-21

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2020-10-21

Clearly, the Fed reckons the public is foolish enough to believe the Fed's money will actually be "free." It's pretty much universally recognized that authorities use crises to impose "emergency powers" that become permanent.

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Charles Hugh Smith: Entrepreneur Skills A Must for Any Job

2020-10-20

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Jason Burack of Wall St for Main St interviewed economic blogger and author Charles Hugh Smith from the popular blog Of Two Minds

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Will the Stock Market Be Dragged to the Guillotine?

2020-10-20

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2020-10-20

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

2020-10-16

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2020-10-16

Incremental delusion
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

2020-10-13

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2020-10-13

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

2020-10-09

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2020-10-09

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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MACRO ANALYTICS – 10-01-20 – What Could Go Wrong?

2020-10-05

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43 Minutes with 36 Supporting Slides

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Things Change

2020-10-05

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2020-10-05

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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That System Is Completely And Incredibly Unfair

2020-10-04

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The system is quite unfair and this is the problem in itself.

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Things Change: Charles Hugh Smith

2020-10-03

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Https://rebrand.ly/rawealthpartners1 Join Now 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

2020-10-03

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2020-10-03

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

2020-10-02

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2020-10-02

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

2020-10-01

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2020-10-01

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

2020-09-29

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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

2020-09-28

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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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