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Our Current Illusion of Prosperity

Our Current Illusion of Prosperity President Obama and Fed Chair Janet Yellen have been crowing about improving economic conditions in the US. Unemployment is down to 5.5 percent and growth in 2014 hit 2.2 percent. Journalists and economists point to this improvement as proof that quantitative easing was effective. Pile on More Debt Unfortunately, this latest […]

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Jim Grant Sums It All Up In 2 Stunning Paragraphs | Zero Hedge

Jim Grant Sums It All Up In 2 Stunning Paragraphs | Zero Hedge. What will futurity make of the [so-called] Ph.D. standard [that runs our world]? Likely it will be even more baffled than we are. Imagine trying to explain the present-day arrangements to your 20-something grandchild a couple of decades hence – after the […]

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oftwominds-Charles Hugh Smith: Prosperity Amidst the Ruins

oftwominds-Charles Hugh Smith: Prosperity Amidst the Ruins. The fundamental problem facing the global economy is not slow economic growth but political inequality. It’s striking: as economies stagnate, the top tier is living even larger while the low-income masses sink further into marginalized poverty. I call this widening divide between the vested interests/wealthy and the rest of […]

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Olduvai IV: Courage
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Olduvai II: Exodus
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