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| Charles Hugh Smith explains the “Fourth Estate” that refers to the press and news media, both in explicit capacity of advocacy and implicit ability to frame political issues. |
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Our Fragile, Brittle Stock Market
2021-02-03
This heavily managed ‘market structure’ is far from equilibrium and extremely prone to instability.
Is 2021 an Echo of 1641?
2021-01-14
If you don’t discern any of these dynamics in the present, what are you choosing not to see? The reason why history rhymes is that humanity is still using Wetware 1.0 and so humans respond to scarcity, abundance and conflicts over them in the same manner.
The Coming War on Wealth and the Wealthy
2021-01-06
Here’s looking at you, Federal Reserve–thanks for perfecting ‘legalized looting’ and neofeudalism in America.
2020 Was a Snack, 2021 Is the Main Course
2021-01-04
One of the dishes at the banquet of consequences that will surprise a great many revelers is the systemic failure of the Federal Reserve’s one-size-fits-all "solution" to every spot of bother: print another trillion dollars and give it to rapacious financiers and corporations.
When Social Capital Becomes More Valuable Than Financial Capital
2020-12-20
This devaluation of financial wealth–and its transformation to a dangerous liability–
will reach extremes equal to the current extremes of wealth-income inequality.
ALICE Doesn’t Work Here Anymore
2020-10-30
What the political class and the Financial Nobility don’t yet grasp is that ALICE will never go back to her insecure, low-wage job, ever.
Flying Blind: Clueless about Risk, We’re Speeding Toward Systemic Failure
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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