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Has Our Luck Finally Run Out?
Has Our Luck Finally Run Out? We are woefully unprepared for a long run of bad luck. Long-term cycles escape our notice because they play out over many years or even decades; few noticed the decreasing rainfall in the Mediterranean region in 150 A.D. but this gradual decline in rainfall slowly but surely reduced the grain […]
The Empire of Uncertainty
The Empire of Uncertainty Anyone claiming they can project the trajectory of the U.S. and global economy is deluding themselves. Normalcy depends entirely on everyday life being predictable. To be predictable, life must be stable, which means that there is a high level of certainty in every aspect of life. The world has entered an era […]
Charles Hugh Smith: What Would A Better System Look Like?
Charles Hugh Smith: What Would A Better System Look Like? Introducing the ‘Hacker’s Teleology’ Writer, philosopher and long-time contributor to PeakProsperity.com, Charles Hugh Smith, returns to the podcast to explain the new socio-economic model he has just introduced to the world through his new book A Hacker’s Teleology: Sharing the Wealth of Our Shrinking Planet. The […]
“Inflation” and America’s Accelerating Class War
“Inflation” and America’s Accelerating Class War Those who don’t see the fragmentation, the scarcities and the battlelines being drawn will be surprised by the acceleration of the unraveling. I recently came across the idea that inflation is a two-factor optimization problem: inflation is necessary for the macro-economy (or so we’re told) and so the trick for policy makers […]
The Four D’s That Define the Future
The Four D’s That Define the Future When the money runs out or loses its purchasing power, all sorts of complexity that were previously viewed as essential crumble to dust. Four D’s will define 2020-2025: derealization, denormalization, decomplexification and decoherence. That’s a lot of D’s. Let’s take them one at a time. I use the word derealization to […]
This Is How It Ends: All That Is Solid Melts Into Air
This Is How It Ends: All That Is Solid Melts Into Air While the Federal Reserve and the Billionaire Class push the stock market to new highs to promote a false facade of prosperity, everyday life will fall apart. How will the status quo collapse? An open conflict–a civil war, an insurrection, a coup–appeals to our […]
We’re All Serfs of Big Tech
We’re All Serfs of Big Tech What do you call an economy of monopolies without competition or any regulatory restraints? An economy of monopolies that controls both the buying and selling in the markets they control? Monopolies with the power to commit legalized fraud and the profits to buy political influence? Monopolies whose black box algorithms are […]
Will Skilled Hands-On Labor Finally Become More Valuable?
Will Skilled Hands-On Labor Finally Become More Valuable? The sands beneath what’s scarce and what’s over-abundant are shifting. On a recent visit to the welding shop where my niece’s husband works, I asked him if they had enough welders for their workload. His answer surprised me: “If you asked every welding shop in the country if […]
Here’s Why the “Impossible” Economic Collapse Is Unavoidable
Here’s Why the “Impossible” Economic Collapse Is Unavoidable This is why denormalization is an extinction event for much of our high-cost, high-complexity, heavily regulated economy. A collapse of major chunks of the economy is widely viewed as “impossible” because the federal government can borrow and spend unlimited amounts of money because the Federal Reserve can create […]
Memo from Insiders: Dear Bagholders, Thanks for Buying Our Shares at the Top
Memo from Insiders: Dear Bagholders, Thanks for Buying Our Shares at the Top The self-sustaining recovery is a fantasy that’s evaporated. What looks like a powerful, can’t-lose rally to newbies is recognized as distribution by old hands. In low-volume markets (as in the past few months), insiders holding large positions can’t dump all their shares at once or […]
Why the Unraveling Will Accelerate
Why the Unraveling Will Accelerate Sclerotic, hidebound institutions optimized for linear stability and permanent growth are simply not designed to adapt to non-linear change and disruption of permanent growth. Since the first news of pandemic in late January, I’ve been discussing potential accelerants to the unraveling of our fragile financial system: second-order effects (initial travel restrictions and layoffs were first-order […]
Introducing the “Everything Bubble” Sentiment-o-Meter
Introducing the “Everything Bubble” Sentiment-o-Meter Since human wetware remains stuck in OS1.01, we can predict a remarkable reversal. The “Everything Bubble” has been a sight to behold. With central banks providing trillions to the big players and margin debt enabling small punters to leverage up, the hot money rotation has been a real merry-go-round as one asset and […]
Welcome to the Crazed, Frantic Demise of Finance Capitalism
Welcome to the Crazed, Frantic Demise of Finance Capitalism The cognitive dissonance required to ignore the widening gap between the real economy and the fraud’s basic machinery–speculation funded by “money” conjured out of thin air–has reached a level of denial that can only be termed psychotic. When scams start unraveling, the scammers become increasingly frantic […]
This Is a Financial Extinction Event
This Is a Financial Extinction Event The lower reaches of the financial food chain are already dying, and every entity that depended on that layer is doomed. Though under pressure from climate change, the dinosaurs were still dominant 65 million year ago–until the meteor struck, creating a global “nuclear winter” that darkened the atmosphere for months, […]
The Sinking Titanic’s Great Pumps Finally Fail
The Sinking Titanic’s Great Pumps Finally Fail The greater fools still partying in the first-class lounge are in denial that even the greatest, most technologically advanced ship can sink. On April 14, 1912, the liner Titanic, considered unsinkable due to its watertight compartments and other features, struck a glancing blow against a massive iceberg on that moonless, weirdly […]
