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Tag Archives: of two minds
The Illusion of Control: What If Nobody’s in Charge?
The Illusion of Control: What If Nobody’s in Charge? The last shred of power the elites hold is the belief of the masses that the elites are still in control. I understand the natural desire to believe somebody’s in charge: whether it’s the Deep State, the Chinese Communist Party, the Kremlin or Agenda 21 globalists, we’re […]
Unstoppable: The Greatest Depression and the Reverse Wealth Effect
Unstoppable: The Greatest Depression and the Reverse Wealth Effect We are entering The Greatest Depression because there is no exit. I’ve endeavored to explain why The Greatest Depression is unstoppable in recent posts: The Covid-19 Dominoes Fall: The World Is Insolvent March 16, 2020 Pandemic Pandemonium: The Tides of Globalization and Financialization Reverse March 31, 2020 Here’s […]
This Sucker’s Going Down: The Destruction of Demand
This Sucker’s Going Down: The Destruction of Demand Demand based on debt, unfulfilled promises and unaffordable habits is burning down. The first-order effect of the lockdown was demand destruction as shelter-in-place orders and business closures restricted consumers’ ability to spend. The second-order effect will be the permanent destruction of demand because people will realize they’re better off […]
The Way of the Tao Is Reversal
The Way of the Tao Is Reversal As Jackson Browne put it: Don’t think it won’t happen just because it hasn’t happened yet. We can summarize all that will unfold in the next few years in one line: The way of the Tao is reversal. This is the opening line of Chapter 40 of Lao Tzu’s 5,000-character […]
The Outlines of a Better World Are Emerging
The Outlines of a Better World Are Emerging Once the government’s ability to sustain its enforcement with money created out of thin air vanishes, the entire order vanishes along with it. The era of waste, greed, fraud and living on borrowed money is dying, and those who’ve known no other way of living are mourning […]
The Art of Survival, Taoism and the Warring States
The Art of Survival, Taoism and the Warring States Longtime correspondent Paul B. suggested I re-publish three essays that have renewed relevance. This is the first essay, from June 2008. Thank you, Paul, for the suggestion. I’m not trying to be difficult, but I can’t help cutting against the grain on topics like surviving the […]
No, This Is Not Another 1929, 1973, 1987, 2000, or 2008
No, This Is Not Another 1929, 1973, 1987, 2000, or 2008 Basing one’s decisions on analogs from the past is entering a fool’s paradise of folly. Like addicts who cannot control their cravings, financial analysts cannot stop themselves from seeking some analog situation in the past which will clarify the swirling chaos in their crystal […]
Here’s Why the Economy Won’t Recover–and No, It’s Not Covid-19 or the Lockdown
Here’s Why the Economy Won’t Recover–and No, It’s Not Covid-19 or the Lockdown When reality and truth become the sworn enemies of society’s political and economic elites, the society is well and truly doomed. The risks of Covid-19 and the lockdown have been explored across a wide spectrum of opinion. To hit just a few of […]
The World Has Changed More Than We Know
The World Has Changed More Than We Know Put another way: eras end. While the mainstream media understandably focuses on the here and now of the pandemic, some commentators are looking at the long-term consequences. Here is a small sampling: Coronavirus, synchronous failure and the global phase-shiftCoronavirus Will Require Us to Completely Reshape the EconomyFlorence Hit by […]
The Global Repricing of Assets Can’t Be Stopped
The Global Repricing of Assets Can’t Be Stopped All bubbles pop, period. The financial elites are pushing a narrative that asset prices, sales and profits will all return to January 2020 levels as soon as the Covid-19 pandemic fades. Get real, baby. Nothing is going back to January 2020 levels. Rather than the “V-shaped recovery” expected […]
Covid-19 Helicopter Money: Go Big Now or Go Home
Covid-19 Helicopter Money: Go Big Now or Go Home This is why it’s imperative to go big now, and make plans to sustain the most vulnerable households and small employers not for two weeks but for six months–or however long proves necessary. That governments around the world will be forced to distribute “helicopter money” to […]
The Covid-19 Dominoes Fall: The World Is Insolvent
The Covid-19 Dominoes Fall: The World Is Insolvent Subtract their immense debts and they have negative net worth, and therefore the market value of their stock is zero. To understand why the financial dominoes toppled by the Covid-19 pandemic lead to global insolvency, let’s start with a household example. The point of this exercise is to […]
Goodbye to All That: The Demise of Globalization and Imperial Pretensions
Goodbye to All That: The Demise of Globalization and Imperial Pretensions The decline phase of the S-Curve is just beginning. Globalization and Imperial Pretensions have been decaying for years; now the tide has turned definitively against them. The Covid-19 pandemic didn’t cause the demise of globalization and Imperial Pretensions; it merely pushed the rickety structures over the edge. […]
Could China’s Overlapping Crises Spiral Out of Control?
Could China’s Overlapping Crises Spiral Out of Control? Threats, propaganda and the Orwellian dissolution of social trust cannot stop a withdrawal from the status quo. Longtime readers know I’ve had an active interest in what differentiates empires/nations that survive crises and those that collapse. There is a lively academic literature on this topic, and it boils […]
