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Why Real Reform Is Now Impossible
Why Real Reform Is Now Impossible The endless bleating of well-paid pundits in the corporate media about “reform” is just more circus. It’s difficult for well-meaning pundits to abandon the fantasy that meaningful reform is possible. Indeed, a critical function of the punditry and corporate media is to foster the fantasy that the status quo could […]
The Status Quo Has Failed and Is Beyond Reform
The Status Quo Has Failed and Is Beyond Reform The truth is the usual menu of reforms can’t stop this failure, so we have to prepare ourselves for the radical transformations ahead. That the status quo–the current pyramid of wealth and power dominated by the few at the top–has failed is self-evident, but we can’t […]
How Systems Break: First They Slow Down
How Systems Break: First They Slow Down Alternatively, we can cling to a state of denial, and the dominant system will be replaced by arrangements that are not necessarily positive. The reality that cannot be spoken is that all the financial systems we believe are permanent are actually on borrowed time. One way we can judge […]
The Lesson of Empires: Once Privilege Limits Social Mobility, Collapse Is Inevitable
The Lesson of Empires: Once Privilege Limits Social Mobility, Collapse Is Inevitable The next few years will strip away the illusions of “growth” and reveal which dominates our society and economy: privilege or social mobility. Among the many lessons of empires is one shared by virtually every empire:once the privileged few limit the rise of […]
The Entire Status Quo Is a Fraud
The Entire Status Quo Is a Fraud Fraud as a way of life caters an extravagant banquet of consequences. This can’t be said politely: the entire status quo in America is a fraud. The financial system is a fraud. The political system is a fraud. National Defense is a fraud. The healthcare system is a […]
The Root of Rising Inequality: Our “Lawnmower” Economy (hint: we’re the lawn)
The Root of Rising Inequality: Our “Lawnmower” Economy (hint: we’re the lawn) This predatory exploitation is only possible if the central bank and state have partnered with financial Elites. After decades of denial, the mainstream has finally conceded that rising income and wealth inequality is a problem–not just economically, but politically, for as we all […]
The Panama Papers: This Is the Consequence of Centralized Money and Power
The Panama Papers: This Is the Consequence of Centralized Money and Power Technologies such as the blockchain are enabling alternative ways of creating and distributing money outside central banks and states. If we don’t change the way money is created and distributed, we will never change anything. This is the core message of my book A Radically […]
Triffin’s Paradox Revisited: Crunch-Time for the U.S. Dollar and the Global Economy
Triffin’s Paradox Revisited: Crunch-Time for the U.S. Dollar and the Global Economy The reality is that we’re one panic away from foreign-exchange markets ripping free of central bank manipulation. While all eyes on fixated on global stock markets as the measure of “prosperity” and “growth” (or is it hubris?), the larger force at work beneath […]
The Future of Money
The Future of Money The cartels and state organs are frantically trying to co-op, outlaw, corral or control this disruptive technology. To say that the future of money is blockchain-based crypto-currencies and payment platforms is to state the obvious nowadays. If this wasn’t the case, then why are Goldman Sachs et al. (i.e. the global too […]
What Killed the Middle Class?
What Killed the Middle Class? If the four structural trends highlighted below don’t reverse, the middle class is heading for extinction. Everyone knows the middle class is fading fast. I’ve covered this issue in depth for years, for example: Honey, I Shrunk the Middle Class: Perhaps 1/3 of Households Qualify (December 28, 2015) and What Does It Take To […]
Recipe for Collapse: Rising Military and Social Welfare Spending
Recipe for Collapse: Rising Military and Social Welfare Spending Leaders faced with unrest, rising demands and dwindling coffers always debauch their currency as the politically expedient “solution.” Whatever you think of former Fed chair Alan Greenspan, he is one of the few public voices identifying runaway entitlement costs as a structural threat to the economy […]
Wait a Minute–Who’s Fascist?
Wait a Minute–Who’s Fascist? The core belief of the Establishment is the central state should run everything. If you’re an Establishment insider, the mainstream media will give you plenty of column inches and airtime to label Donald Trump a “dangerous” fascist: for example, Democratic insider Robert Reich’s fear-mongering frenzy Donald Trump is a 21st century American fascist, […]
Why Our Financial System Is Like the Titanic
Why Our Financial System Is Like the Titanic The “unsinkable” global financial system is rushing headlong toward its encounter with the iceberg. Why did the Titanic sink, despite being considered unsinkable? The conventional answer is the design of its watertight compartments was flawed: the watertight bulkheads were limited in height to a few feet above the […]
2016, The Year Of The Red Monkey: Expect Wild, Unending Volatility
2016, The Year Of The Red Monkey: Expect Wild, Unending Volatility The past 25 years of “growth” and brief recessions may not be a good guide to the next few years. In the lunar calendar that started February 8, this is the Year of the Red Monkey. I found this description of the Red Monkey […]
Do Any of the Current Rallies Pass “The Sniff Test”? No.
Do Any of the Current Rallies Pass “The Sniff Test”? No. But you can’t tame the monster of speculative, legalized looting and financialization. Everything from iron ore to copper to the Baltic Dry Index to stocks to bat guano is rallying. The problem is not a single rally passes “the sniff test:” is the rally the […]
