Category Archive: 5.) Charles Hugh Smith

The Real Story of America Abandoning the Gold Standard

Even currencies maintaining convertibility to gold are still subject to bond yields, interest rates, trade and capital flows. It's widely held that all of our financial woes are the result of abandoning the discipline of the gold standard in 1971. The premise here is that if the U.S. had maintained the gold standard, the excesses of the fiat currencies regime could not have arisen.

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A Tale of Two Recessions: One Excellent, One Tumultuous

Events may show that there are no winners, only survivors and those who failed to adapt.Some recessions are brief, necessary cleansings in which extremes of leverage and speculation are unwound via painful defaults, reductions of risk and bear markets. Some are reactions to exogenous shocks such as war or pandemic.

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A Most Peculiar Recession

So what are conventional pundits missing today? I would start with three dynamics. Only old people experienced real recessions--those in 1973-74 and 1980-82. Recessions since then have been shorter and less systemic. In the good old days, a recession laid waste to entire industries which never recovered their previous employment.

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Are Older Workers Propping Up the U.S. Economy?

Are 55 and older workers propping up the U.S. economy? The data is rather persuasive that the answer is yes.The chart of U.S. employment ages 25 to 54 years of age and 55 and older reveals a startling change.There are now 20 million more 55+ employed than there were in 2000, an equivalent of the entire workforce of Spain.

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Can We "Export Inflation?" Yes We Can, Yes We Are

A strong currency exports inflation to those nations which do not issue the currency. Though it's difficult to be confident of anything in the current flux, I am pretty confident of three things: 1) price is set on the margins 2) currencies are the foundation of every economy 3) the financial forecasts issued to calm the public do not reflect operative geopolitical goals.

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How Much of "Inflation" Is the Price Being Jacked Up Under the Excuse of "Inflation"?

The problem for global corporations feasting on "Inflation" profiteering is that the vast majority of consumers can't afford another lavish vacation, overpriced vehicle or specious subscription.

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When You Can’t Go On by Charles Hugh Smith, Chapter by Chapter

Hear it Here - adbl.co/3OFQ1MB When I burned out, what I wanted but could not find was a practical guide by someone who had experienced burnout themselves. None of the material I found spoke to what I was experiencing or to my sense that our economy is now optimized to burn people out. I decided to write the guide I wanted but could not find. This is my experience of burnout, reckoning and renewal. This book is my account of what helped me....

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The Roundtable Insight – Charles Hugh Smith on the USD, Emerging Markets and Investment Implications

Http://financialrepressionauthority.com/2022/07/28/the-roundtable-insight-charles-hugh-smith-on-the-usd-emerging-markets-and-the-investment-implications/ Support us on Patreon - https://www.patreon.com/roundtableinsight

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What Can The Beatles Teach Us about Management?

Own your work. Don't give it away or let others profit at your expense. Leverage it when opportunities arise. What can The Beatles teach us about management?Young readers may wonder why The Beatles still matter 52 years after the band broke up. It's a fair question.

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When You Can’t Go On: Burnout, Reckoning and Renewal By: Charles Hugh Smith

Hear it Here - adbl.co/3OFQ1MB When I burned out, what I wanted but could not find was a practical guide by someone who had experienced burnout themselves. None of the material I found spoke to what I was experiencing or to my sense that our economy is now optimized to burn people out. I decided to write the guide I wanted but could not find. This is my experience of burnout, reckoning and renewal. This book is my account of what helped me. The...

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There Won’t Be Any Winners Because The Status Quo Is Corrupt Everywhere

Systemic corruption on this vast scale optimizes failure and collapse. Debating which nations will "win" as the global economy unravels is a popular but pointless parlor game.Since the status quo in every nation is deeply, profoundly, systemically corrupt, there won't be any "winners," there will only be losers.

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What’s Truly Important? The Global Revaluation Is Accelerating

How much gold will you trade for a few eggs? It depends on how hungry you are. Two ideas will help us understand the rest of this tumultuous decade: core-periphery and the revaluation of what's truly important: systemic adaptability, transparency, accountability, risk, capital and resources.

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Why the Labor Shortage Isn’t Going Away

It's getting hard to fill toxic low-pay jobs, and that's not going to change. The nature of work and the labor market are changing in ways few discern or perhaps are willing to discern because these changes are disrupting the exploitive system they want to remain unchanged. But refusing to discern change doesn't stop change.

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The Real Policy Error Is Expanding Debt and Calling It "Growth"

Waste is not growth, and neither are the unlimited expansion of debt and speculative bubbles. The financial punditry is whipping itself into a frenzy about a Federal Reserve "policy error," which is code for "if the music finally stops, we're doomed!"

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The Only Real Solution Is Default

The destruction of 'phantom wealth' via default has always been the only way to clear the financial system of unpayable debt burdens and extremes of rentier / wealth dominance. The notion that the world could always borrow more money as long as interest rates were near-zero was never sustainable.

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US Dollar Strength: “Unintended Consequences” Or “The Empire Strikes Back”?

How unintended can these consequences be? My guess: not very. A great many people got the U.S. dollar trade wrong. The conventional view held that "printing money", i.e. expanding the supply of money, would automatically devalue the currency. It isn't quite so simple, it seems.

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Calm Before the Tempest?

Is it beyond conception that the core actually strengthens for a length of time before the unraveling reaches it?Let's start by stipulating the obvious: no one knows the future, and most of the guesses--oops, I mean forecasts--will be wrong. Arguing about the forecasts now won't make any difference as to which ones are correct and which ones are wrong.

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Why Nations Fail

The irony is that the suppression of dissent is the suppression of competing ideas that generate systemic stability via rapid adaptation. Nations that appear stable may fail once they're under pressure.

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You Know What Would Be Really Irritating? A Crazy Rally to New Highs

It would be very irritating to have a rally suck in all the bears salivating for a crash from a bear-market rally peak and then decimate the shorts with a rally that soars rather than collapses to new lows. As a contrarian, I'm always squinting at the consensus and wondering if it is really that easy to be right.

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The One Solution to All Our Problems

Pick one, America: national security of the essential material foundation of everything, the industrial base, or "global markets," maximizing greed / corporate profits.Sorry about the clickbait title.

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