Category Archive: 5.) Charles Hugh Smith
What Have the “Experts” Gotten Right? In the Real Economy, They’re 0 for 5
If the "experts" were assessed on results, they'd all be fired. The mainstream media continually hypes the authority of "experts," i.e. people with a stack of credentials from top institutions. But does the mainstream media ever check on whether the "experts" got anything right? Let's compare the "experts" (conventional PhD economists) diagnoses and fixes with the results of their policies.
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What is Rethinking the Dollar? Charles Hugh Smith (Oftwominds.com)
Find out what Charles Hugh Smith thinks about the idea of Rethinking the Dollar. Picture: $50 Federal Reserve Note 2004 Watch the full interview with Charles Hugh Smith below: 1. RTD Ep:20 “Currency Created Out Of Thin Air” – Charles Hugh Smith (Why Things Are Falling Apart) – https://youtu.be/JkCaYBGkWak 2. RTD Ep:46 “The FED Is …
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Is the Deep State at War–With Itself?
The recent pronouncement by the C.I.A. that Russian hackers intervened in the U.S. presidential election doesn't pass the sniff test--on multiple levels. Let's consider the story on the most basic levels.
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Why the Democrats Can’t Let Go of Losing
The Democratic Party has become everything it once was against. The Democratic Party has become everything that it once loathed: elitist, globalist, interventionist, self-serving, warmongering and overflowing with hubris.
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Recovering America’s History of Progressive Populism
The elites' toadies, lackeys, shills, sycophants, water-carriers and apologists are desperately hyping the context-free, historically ignorant narrative that "populism leads to autocracy" to protect the existing autocracy of the elites.
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“Fake News”, Censorship, Darwin and Democracy
Perhaps we can start by separating "news" from "analysis" from "commentary." "News" is "he said this, she did that, this happened." Analysis tries to make sense of trends that are apparent in the news longer-term--for example, why did Trump win? Is the economy actually healthy or not? "Commentary" is opinion that establishes a point of view and defends it while attacking other POVs.
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From Captive Audience to Open Democracy: Why the Mainstream Media Is Freaking Out
In its panicky rush to demonize the independent media via baseless accusations of "fake news," the mainstream press has sunk to spewing "fake news" of its own. Here's The Washington Post's criminally false "fake news" article in case you missed it: Russian propaganda effort helped spread ‘fake news’ during election, experts say.
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A Disintegrative Winter: The Debt and Anti-Status Quo Super-Cycle Has Turned
With this list of manifestations in hand, we can practically write the headlines for 2017-2025 in advance. How would you describe the social mood of the nation and world? Would anti-Establishment, anti-status quo, and anti-globalization be a good start? How about choking on fast-rising debt? Would stagnant growth, stagnant wages be a fair description? Or how about rising wealth/income inequality? Wouldn't rising disunity and political polarization...
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Charles Hugh Smith a Russian Propaganda Site?
We highly appreciate the site of Charles Hugh Smith because it integrates good economic graph with critical political comments.
A couple of days ago, it appeared on a list of "Russian Propaganda Sites" that got cited by mainstream media.
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Populism in America: “Follow the Money”
If you want to understand today's populism, don't look to the mainstream media's comically buffoonish propaganda blaming the Russians: look at the four issues listed below. One of the most disturbing failures of the mainstream media in this election cycle was its complete lack of historical context for Trump's brand of populism.If you consumed the mainstream media's coverage of the campaign and election, you noted their obsession with speech acts...
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Our “Gaslight” Economy
If you don't like what these charts are saying, please notify The Washington Post to add the St. Louis Federal Reserve to its list of Russian propaganda sites. Yesterday I described our gaslight financial system. Today we'll look at our gaslight economy. Correspondent Jason H. alerted me to the work of author Thomas Sheridan ( Puzzling People: The Labyrinth of the Psychopath), who claims to have coined the term gaslighting.
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Beyond Income Inequality
Judging by the mainstream media, the most pressing problems facing capitalism are 1) income inequality, the basis of Thomas Piketty’s bestseller Capital in the Twenty First Century, and 2) the failure of laissez-faire markets to regulate their excesses, a common critique encapsulated by Paul Craig Roberts’ recent book and 2) the failure of laissez-faire markets to regulate their excesses, a common critique encapsulated by Paul Craig Roberts’ recent...
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Six Narratives on the Ascendancy of Trump
A remarkably diverse array of "explanations" of Donald Trump's presidential election victory have been aired, representing both the conventional political spectrum and well beyond.
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Why Is the US Dollar Rising?
Note the apparent breakout above 100 and the constructive similarities to the 2014 breakout that was followed by a 20% increase in the purchasing power of the USD relative to other currencies.
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The New Nobility Uses Political Correctness to Fragment the Precariats
Combine identity politics with political correctness, and the New Nobility/Oligarchy can laugh their way to the bank while their pawn-serfs fight over how many politically correct angels can dance on the head of a pin.
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How Do We Create Value When Knowledge Is Almost Free?
Credentials are increasingly in over-supply; problem-solving skills are scarce. How do we create value in an economy that is increasingly dependent on knowledge? The answer is complicated by the reality that knowledge is increasingly digital and "unownable" and therefore almost free. Financialization as a substitute for creating value has run its course.
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Healthcare: Inflation Hidden in Plain Sight
Charles Hugh Smith shows how health care costs are exploding in the United States and how this will lead sooner or later to inflation.
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Why Reshore Manufacturing? It’s the Only Way to Avoid Defective Pirated Parts
If you want to lose your brand, your pricing power and your customers, by all means, rely on a global supply chain filled with defective parts that cannot possibly be detected. Reshoring the entire supply chain so it can be trusted is the low-cost solution once you add up the total lifecycle costs of a hopelessly counterfeit global supply chain.
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