Category Archive: 5.) Charles Hugh Smith
Self-Reliance in the 21st Century By Charles Hugh Smith, Chapter by Chapter Preview
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Just as no one was left unaffected by the rise of globalization, no one will be unaffected by its demise. The only response that reduces our vulnerability is self-reliance.
When Ralph Waldo Emerson wrote his famous essay Self-Reliance in 1841, the economy was localized and households supplied many of their own essentials. In our hyper-globalized economy, we’re dependent on distant sources for our...
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Ep. 293: The State Episode with Doug Casey and Charles Hugh Smith with Michael Covel
My guests today are Doug Casey and Charles Hugh Smith.
Casey is the founder and chairman of Casey Research, a provider of paid subscription newsletter services espousing libertarian viewpoints as the justification for the purchase of highly speculative microcap stocks, precious metals, and other investments.
Smith is an American writer and blogger. He is the chief writer for the site “Of Two Minds”. Started in 2005, this site has been listed No....
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Of Two Minds with Charles Hugh Smith, Ep #23
Today’s guest is Charles Hughes Smith, who’s been writing about socioeconomic and technology trends since 2005 on his blog, “Of Two Minds.” His blog hosts over 4,000 pieces of original content. His work is also on Patreon and ZeroHedge.
Charles seeks to understand why our sociopolitical and economic systems are failing and lays out alternative ways to find a sustainable way of living. His work doesn’t fit into an ideological box and he believes...
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Self-Reliance in the 21st Century Audiobook Preview By: Charles Hugh Smith
Hear it Here - https://adbl.co/3iJOonl
Just as no one was left unaffected by the rise of globalization, no one will be unaffected by its demise. The only response that reduces our vulnerability is self-reliance.
When Ralph Waldo Emerson wrote his famous essay Self-Reliance in 1841, the economy was localized and households supplied many of their own essentials. In our hyper-globalized economy, we’re dependent on distant sources for our...
Read More »
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Want to Know Where the Economy Is Going? Watch The Top 10%
Should the wealth effect reverse as assets fall, capital gains evaporate and investment income declines, the top 10% will no longer have the means or appetite to spend so freely. Soaring wealth-income inequality has all sorts of consequences.
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What’s Behind the Global Erosion of Civil Liberties, Privacy and Property Rights?
The second essential step is to recognize how the spectacles of "news" and entertainment distract our attention from this erosion of basic rights. Hierarchical power structures like city-states arose as problem-solving solutions, not just for the elites who benefited from the concentration of wealth and power but for the citizenry.
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What if the "Black Swan" of 2023 Is the Fed Succeeds?
If the Fed succeeding is a "Black Swan," bring it on. What if the "Black Swan" of 2023 is the Federal Reserve succeeds? Two stipulations here: 1. "Black Swan" is in quotes because the common usage has widened to include events that don't match Nassim Taleb's original criteria / definition of black swan; the term now includes events considered unlikely or that are off the radar screens of both the media and the...
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The Roundtable Insight – Charles Hugh Smith on Eroding Civil Liberties and Property Rights
Support us on Patreon - https://www.patreon.com/roundtableinsight
http://financialrepressionauthority.com/2023/01/06/the-roundtable-insight-charles-hugh-smith-on-eroding-civil-liberties-and-property-rights/
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It’s a New Era
This dynamic--making problems much worse by forcing more of whatever worked in the previous era into a saturated, increasing unstable new era--receives little attention or understanding. Eras may last decades, and only those who've lived long enough to recall previous eras have experienced the transition from one era to the next.
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Misunderstanding War, Money and Prosperity
If the consensus of experts misunderstand money, credit and prosperity, how are we going to advance? Describing all the ways experts got it wrong is a thriving cottage industry. Expertise is itself contentious, as conventional expertise legitimized by credentials, prestigious institutional positions, scholarship, prizes, etc. can be wielded to promote the interests of the expert or whomever is funding the expert.
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What’s Your Line in the Sand? The $25 Burger?
The gag reflex kicks in at some point and we walk away because it is no longer worth the price. Everyone has a line in the sand when it comes to inflated prices they refuse to pay. For one Walmart shopper I observed, it was a carton of eggs for close to $10. She announced her line in the sand verbally, with great force and sincerity.
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A Great Madness Sweeps the Land
Those who see the madness for what it is have only one escape: go to ground, fade from public view, become self-reliant and weather the coming storm in the nooks and crannies. A great madness sweeps the land. There are no limits on extremes in greed, credulity, convictions, inequality, bombast, recklessness, fraud, corruption, arrogance, hubris, pride, over-reach, self-righteousness and confidence in the rightness of one's opinions.
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Monopolies and Cartels Are "Communism for the Rich"
What's unfettered in America is "Communism for the Rich" and the normalization of corruption that results from the auctioning of political power to protect monopolies and cartels. The irony of constantly being accused of being a communist is rather rich.
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The Blowback from Stripmining Labor for 45 Years Is Just Beginning
The clueless technocrats are about to discover that unfairness and exploitation can't be measured like revenues and profits, but that doesn't mean they're not real. Economists and financial pundits tend to make a catastrophically flawed assumption.
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How Things Fall Apart
That's how things fall apart: insiders know but keep their mouths shut, outsiders are clueless, and the decay that started slowly gathers momentum as the last of the experienced and competent workforce burns out, quits or retires. Outsiders are shocked when things fall apart. Insiders are amazed the duct-tape held this long.
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The Monopoly – Labor "Let It Rot" Death Spiral
The only rational response to this reality is to opt out, lay flat and let it rot. In my previous post, The Bubble Economy's Credit-Asset Death Spiral, I described the self-reinforcing feedback of expanding credit and soaring asset valuations and how the only possible result of this financial perpetual motion machine was a death spiral of collapsing debt service, collateral and credit impulse.
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Die “Titanic”-Analogie, die Sie noch nicht gehört haben | Von Charles Hugh Smith
Den vollständigen Tagesdosis-Text (inkl. ggf. Quellenhinweisen und Links) finden Sie hier: https://apolut.net/die-titanic-analogie-die-sie-noch-nicht-gehoert-haben-von-charles-hugh-smith
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Die “Titanic”-Analogie, die Sie noch nicht gehört haben | Von Charles Hugh Smith
Den vollständigen Tagesdosis-Text (inkl. ggf. Quellenhinweisen und Links) finden Sie hier: https://apolut.net/die-titanic-analogie-die-sie-noch-nicht-gehoert-haben-von-charles-hugh-smith
Ein Kommentar von Charles Hugh Smith.
Passive Akzeptanz des Verleugnens
Ob wir uns dessen bewusst sind oder nicht, wir reagieren mit passiver Akzeptanz des Verleugnens.
Sie haben zweifellos gehört, dass die Neuanordnung der Liegestühle auf der Titanic eine...
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The Bubble Economy’s Credit-Asset Death Spiral
Who believed that central banks' financial perpetual motion machine was anything more than trickery designed to generate phantom wealth? Central banks seem to have perfected the ideal financial perpetual motion machine: as credit expands, money pours into risk assets, which shoot higher under the pressure of expanding demand for assets that yield either hefty returns (junk bonds) or hefty capital gains as the soaring assets suck in more capital...
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This Is of Course Insane
Greed is a powerful motivation to be an ardent believer in the central banking cult. The ideal cult convinces its followers that it isn't a cult, it's simply the natural order of things.In current terms, this normalizes insane behaviors and beliefs. Sacrificing youth to appease the gods isn't a cult; it's simply the natural order of things.
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