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The Illusion of Progress
The Illusion of Progress This is precisely what you’d expect of a self-serving elite that was desperate to cloak the unhappy reality that the relative few are benefiting immensely at the expense of the many. The core narrative of politics everywhere is progress, i.e. “moving forward.” If progress isn’t being made, politicos and the system are […]
How Do We Design a DeGrowth Economy?
How Do We Design a DeGrowth Economy? The conventional objections to DeGrowth boil down to: it isn’t the status quo, so it can’t work. Actually, it’s the status quo that isn’t working. I’ve written about DeGrowth for many years, including Degrowth, Anti-Consumerism and Peak Consumption (May 9, 2013), Degrowth Solutions: Half-Farmer, Half-X (July 19, 2014) and And the Next Big Thing […]
There’s a Difference: Fake News and Junk News
There’s a Difference: Fake News and Junk News Media junkies on the tragic path to extinction believe the junk news, non-junkies see through the manipulation. The mainstream media continues peddling its “fake news” narrative like a desperate pusher whose junkies are dying from his toxic dope. It’s slowly dawning on the media-consuming public that the MSM […]
This Is How the Status Quo Unravels: As the Pie Shrinks, Everybody Demands Their Piece Should Get Bigger
This Is How the Status Quo Unravels: As the Pie Shrinks, Everybody Demands Their Piece Should Get Bigger Fragmentation, discord, discontent, class war: this is the inevitable result of a shrinking pie. The politics of the past 70 years was all about horsetrading who got what share of the growing pie: the “pie” being cheap energy, […]
The Coming Class Wars
The Coming Class Wars The forces dividing us are overwhelming those that unite us In the modern era, the phrase Class War is rooted in the socialist/Marxist concept that the conflict between labor (the working class) and capital (owners of capital) is not just inevitable—it’s the fulcrum of history. In this view, this Class War is the […]
Which Assets Are Most Likely to Survive the Inevitable “System Re-Set”?
Which Assets Are Most Likely to Survive the Inevitable “System Re-Set”? Your skills, knowledge and social capital will emerge unscathed on the other side of the re-set wormhole. Your financial assets held in centrally controlled institutions will not. Longtime correspondent C.A. recently asked a question every American household should be asking: which assets are most […]
The Central Banks Face Unwelcome Realities: Their Policies Boosted Wealth Inequality and Failed to Generate “Growth”
The Central Banks Face Unwelcome Realities: Their Policies Boosted Wealth Inequality and Failed to Generate “Growth” Rather than be seen to be further enriching the rich, I think central banks will start closing the “free money for financiers” spigots. Take a quick glance at these charts of the Federal Reserve balance sheet and bank credit […]
The Collapse of the Left
The Collapse of the Left The Left is not just in disarray–it is in complete collapse because the working class has awakened to the Left’s betrayal and abandonment of the working class in favor of building personal wealth and power. The source of the angry angst rippling through the Democratic Party’s progressive camp is not […]
Fragmentation and the De-Optimization of Centralization
Fragmentation and the De-Optimization of Centralization Solutions abound, but they look forward, not backward. Many observers decry the loss of national coherence and purpose, and the increasing fragmentation of the populace into “tribes” with their own loyalties, value systems and priorities. These observers look back on the national unity of World War II as the ideal […]
When Assets (Such as Real Estate) Become Liabilities
When Assets (Such as Real Estate) Become Liabilities December 27, 2016 It will be the middle class that accepted the notion that “real estate is the foundation of family wealth” that will be stripmined by higher taxes on immobile assets such as real estate. Correspondent Joel M. submitted an article that struck me as a […]
“Fake News”, Censorship, Darwin and Democracy
“Fake News”, Censorship, Darwin and Democracy Censorship is not helpful to democracy–rather, it is the death of democracy. The mainstream media is awash with hyper-active headlines about “fake news.” How can we make sense of this sudden obsession? Perhaps we can start by separating “news” from “analysis” from “commentary.” “News” is “he said this, she […]
The Washington Post: Useful-Idiot Shills for a Failed, Frantic Status Quo That Has Lost Control of the Narrative
The Washington Post: Useful-Idiot Shills for a Failed, Frantic Status Quo That Has Lost Control of the Narrative Don’t you think it fair and reasonable that anyone accusing me of being a shill for Russian propaganda ought to read my ten books in their entirety and identify the sections that support their slanderous accusation? I […]
Welcome to Neocolonialism, Exploited Peasants!
Welcome to Neocolonialism, Exploited Peasants! The U.S. peasantry has been stripmined exactly like the powerless colonial peasantry in the old colonial model. In my latest interview with Max Keiser, Max asked a question of fundamental importance: (I paraphrase, as the interview has not yet been posted): now that the current iteration of capitalism has occupied every […]
QE/ZIRP Is Crushing the Global Supply Chain, Product Quality and Profits
QE/ZIRP Is Crushing the Global Supply Chain, Product Quality and Profits We will soon wish we were allowed an honest business cycle recession once the current overcapacity implodes the global economy. We all know the quality of many globally sourced products has nosedived in the past few years. I addressed this in Inflation Hidden in Plain Sight (August […]
Please Assume Crash Positions
Please Assume Crash Positions That few believe Mr. Market can possibly stumble only increases the odds of a stumble. You know how to get into crash positions, correct? Here’s your guide: Very few punters expect a real downturn here in stocks. The reasons for confidence are many: the Fed has our back, buy the dip has worked […]
