Category Archive: 5.) Charles Hugh Smith

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Will the Crazy Global Debt Bubble Ever End?

2017-06-03

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2017-06-03

Inflation
We've been playing two games to mask insolvency: one is to pay the costs of rampant debt today by borrowing even more from future earnings, and the second is to create wealth out of thin air via asset bubbles. The two games are connected: asset bubbles require leverage and credit.

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Inflation Isn’t Evenly Distributed: The Protected Are Fine, the Unprotected Are Impoverished Debt-Serfs

2017-06-01

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2017-06-01

US Health Care, 1960 - 2010
The Consumer Price Index (CPI) measure of inflation is bogus on a number of fronts, a reality I've covered a number of times: though the heavily gamed official CPI is under 2% for the past four years, the real rate is 7% to 12%, depending on whether you happen to live in locales with soaring rents/housing and healthcare costs.

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The Keynesian Cult Has Failed: “Emergency” Stimulus Is Now Permanent

2017-05-31

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2017-05-31

Total Public Debt, 1970 - 2017
Can we finally admit that eight years of following the Keynesian coloring-book have not just failed, but failed spectacularly? What do we call a status quo in which & emergency measures" have become permanent props? A failure. The "emergency" responses to the Global Financial Meltdown of 2008-09 are, eight years on, permanent fixtures.

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RMR: Exclusive Interview with Charles Hugh Smith (05/27/2017)

2017-05-27

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“V” welcomes back Charles for an in-depth discussion regarding Charles’s blogs: TINA’s Legacy: Free Money, Bread and Circuses and Collapse, How Higher Education Became an Obscenely Profitable Racket That Enriches the Few at the Expense of the Many (Student Debt-Serfs) and Want to Understand Rising Wealth Inequality? Look at Debt and Interest. Charles’s website: http://www.oftwominds.com/ …

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State of Denial: The Economy No Longer Works As It Did in the Past

2017-05-26

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2017-05-26

U.S. Productivity Growth, 1980 - 2017
If there is one reality that is denied or obscured by the Status Quo, it is that the economy no longer works as it did in the past. This is the fundamental economic context of our current slide into political-social disintegration.

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Charles Hugh Smith On How Financial Repression Is Affecting Millennial Generation Values

2017-05-17

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Today’s topic is the millennial generation and how financial repression has resulted in asset bubbles that ultimately have affected the millennials in terms of their values and how they view the economy and life. As well as what they’re facing in terms of the housing market and the job situation. Click here for the full …

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Charles Hugh Smith: Millennials Will Change The Economy Forever

2017-05-15

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Housing’s Echo Bubble Now Exceeds the 2006-07 Bubble Peak

2017-04-30

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2017-04-30

US S&P Case-Shiller SF Home Price Index, 1980 - 2017
A funny thing often occurs after a mania-fueled asset bubble pops: an echo-bubble inflates a few years later, as monetary authorities and all the institutions that depend on rising asset valuations go all-in to reflate the crushed asset class.

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Who Will Live in the Suburbs if Millennials Favor Cities?

2017-04-28

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2017-04-28

America's Economic Output
Who's going to pay bubble-valuation prices for the millions of suburban homes Baby Boomers will be off-loading in the coming decade as they retire/ downsize?Longtime readers know I follow the work of urbanist Richard Florida, whose recent book was the topic of Are Cities the Incubators of Decentralized Solutions?(March 14, 2017).

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Our State-Corporate Plantation Economy

2017-04-26

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2017-04-26

US Productivity, 1980 - 2016
I have often discussed the manner in which the U.S. economy is a Plantation Economy, meaning it has a built-in financial hierarchy with corporations at the top dominating a vast populace of debt-serfs/ wage slaves with little functional freedom to escape the system's neofeudal bonds.

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Marx, Orwell and State-Cartel Socialism

2017-04-23

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2017-04-23

Denmark's Household Dept, 1996 - 2014
When "socialist" states have to impose finance-capital extremes that even exceed the financialization of nominally capitalist economies, it gives the lie to their claims of "socialism." OK, so our collective eyes start glazing over when we see Marx and Orwell in the subject line, but refill your beverage and stay with me on this. 

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Our Intellectual Bankruptcy: The “Religion” of Economics, UBI and Medicare For All

2017-04-23

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2017-04-23

Growth of Physicians and Administrators, 1970 - 2009
1. Mainstream neo-classical/ Keynesian economics. As economist Manfred Max-Neef notes in this interview, neo-classical/ Keynesian economics is no longer a discipline or a science--it is a religion. It demands a peculiar faith in nonsense: for example, the environment--Nature-- is merely a subset of the economy.

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RMR: Exclusive Interview with Charles Hugh Smith (04/18/2017)

2017-04-22

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“V” and CJ are joined by Charles H Smith to discuss the power and future of bitcoin. Charles also shares his thoughts on the current economic outlook and effective ways to prepare for various economic hardships. Link to Charles’s work at “Of Two Minds” http://www.oftwominds.com/ We are political scientists, editorial engineers, and radio show developers …

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The Left’s Descent to Fascism

2017-04-19

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2017-04-19

The Left is morally and fiscally bankrupt, devoid of coherent solutions, and corrupted by its embrace of the Corporatocracy. History often surprises us with unexpected ironies. For the past century, the slide to fascism could be found on the Right (conservative, populist, nationalist political parties).

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Central Banks Have Manipulated The Markets Which Will Ultimately Crash: Charles Hugh Smith

2017-04-19

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Today’s Guest: Charles Hugh Smith Websites: Of Two Minds http://www.oftwominds.com Books: Get a Job, Build a Real Career… Why Things Are Falling Apart and What We Can Do About It Most of artwork that are included with these videos have been created by X22 Report and they are used as a representation of the subject …

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Charles Hugh Smith On The Commercial Real Estate Bubble Caused By Financial Repression

2017-04-16

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Click here for the full transcript with slides: http://financialrepressionauthority.com/2017/04/16/the-roundtable-insight-charles-hugh-smith-on-the-commercial-real-estate-bubble-caused-by-financial-repression/

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Charles Hugh Smith–Wither The Suburb? #3536

2017-04-16

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While much has been written about the massive retail decline in America, Charles sheds interesting light upon another core cause of the retail apocalypse. Namely, Millennials, due to staggering student loan debt, have lowered expectations and are staying close to urban downtowns. They have smaller homes, less need for expensive furnishings and have often shed …

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Millennials Are Abandoning the Postwar Engines of Growth: Suburbs and Autos

2017-04-14

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2017-04-14

U.S. Retail Stores 2000-2017
Where's the growth going to come from as the dominant generation makes less, borrows less, spends less, saves more and turns away from long commutes, malls and suburban living and abandons the worship of private vehicles?

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Who’s Playing The Long Game–and What’s Their Game Plan?

2017-04-13

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2017-04-13

S-curve of Rapid Expansion
When we speak of The Long Game, we speak of national/alliance policies that continue on regardless of what political party or individual is in office. The Long Game is always about the basics of national survival: control of and access to resources, and jockeying to diminish the power and influence of potential adversaries while strengthening one's own power and influence.

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When the “Solutions” Become the Problems

2017-04-04

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2017-04-04

Lifecycle of Bureaucracy
Those benefiting from these destructive "solutions" may think the system can go on forever, but it cannot go on when every "solution" becomes a self-reinforcing problem that amplifies all the other systemic problems.

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