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Tag Archives: of two minds
What Problems Are We Solving by Increasing Complexity?
What Problems Are We Solving by Increasing Complexity? The incremental increase in systemic complexity is rarely if ever recognized as a problem that additional complexity can’t solve. The Collapse of Complex Societies fame has observed that societies increase complexity to solve pressing problems that cannot be resolved with existing solutions. What is complexity in this context? […]
If We Don’t Change the Way Money Is Created, Rising Inequality and Social Disorder Are Inevitable
If We Don’t Change the Way Money Is Created, Rising Inequality and Social Disorder Are Inevitable Centrally issued money optimizes inequality, monopoly, cronyism, stagnation and systemic instability. Everyone who wants to reduce wealth and income inequality with more regulations and taxes is missing the key dynamic: central banks’ monopoly on creating and issuing money widens wealth […]
A Stock Market Crash Scenario
A Stock Market Crash Scenario The one thing we can know with certainty is it won’t be easy to profit from the crash. After 8+ years of phenomenal gains, it’s pretty obvious the global stock market rally is overdue for a credit-cycle downturn, and many research services of Wall Street heavyweights are sounding the alarm about […]
Does the World End in Fire or Ice? Thoughts on Japan and the Inflation/Deflation Debate
Does the World End in Fire or Ice? Thoughts on Japan and the Inflation/Deflation Debate Japan has managed to offset decades of deflationary dynamics, but at a cost that is hidden beneath the surface of apparent stability. Do we implode in a deflationary death spiral (ice) or in an inflationary death spiral (fire)? Debating the question […]
State of Denial: The Economy No Longer Works As It Did in the Past
State of Denial: The Economy No Longer Works As It Did in the Past There’s no Plan B for a state-corporate form of central-planning capitalism that is no longer functioning. 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 […]
Marx, Orwell and State-Cartel Socialism
Marx, Orwell and State-Cartel Socialism 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 […]
“Trickle Down” Has Failed; Wealth and Income Have “Trickled Up” to the Top .5%
“Trickle Down” Has Failed; Wealth and Income Have “Trickled Up” to the Top .5% Central bank policies have generated a truly unprecedented “trickle-up” of wealth and income to the top .5%. Over the past 20 years, central banks have run a gigantic real-world experiment called “trickle-down.” The basic idea is Keynesian (i.e. the mystical and comically […]
When the “Solutions” Become the Problems
When the “Solutions” Become the Problems 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. We are living in an interesting but by no means unique dynamic in which the solutions […]
The Overlapping Crises Are Coming, Regardless of Who’s in Power
The Overlapping Crises Are Coming, Regardless of Who’s in Power No leader can reverse the dynamics of mutually reinforcing crises. Commentators seem split into three camps: those who see Trump as a manifestation of smouldering social/economic ills, those who see Trump and his supporters as the cause of those ills, and those who see Trump […]
The Deep State’s Dominant Narratives and Authority Are Crumbling
The Deep State’s Dominant Narratives and Authority Are Crumbling This is why the Deep State is fracturing: its narratives no longer align with the evidence. As this chart from Google Trends illustrates, interest in the Deep State has increased dramatically in 2017. The term/topic has clearly moved from the specialist realm to the mainstream. I’ve been […]
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, […]
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 […]
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 […]
Another Reason Why the Middle Class and the Velocity of Money Are in Terminal Decline
Another Reason Why the Middle Class and the Velocity of Money Are in Terminal Decline This has three extremely negative consequences. In response to a recent post on the structural decline in the velocity of money, correspondent Mike Fasano described a key dynamic in both the decline of money velocity and the middle class. “There […]
The Global Problem: Monetary Policy Can’t Fix an Economy’s Structural Problems
The Global Problem: Monetary Policy Can’t Fix an Economy’s Structural Problems When we look back from 2025, it will be painfully obvious that central bank policies exacerbated the systemic crises that brought down the global financialization machine. What with all the praise being heaped on central banks for “saving” the world from economic doomsday in […]
