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If We Don’t Change the Way Money Is Created and Distributed, Rising Inequality Will Trigger Social Disorder
If We Don’t Change the Way Money Is Created and Distributed, Rising Inequality Will Trigger Social Disorder Centrally issued money optimizes inequality, monopoly, cronyism, stagnation, low social mobility and systemic instability. If we don’t change the way money is created and distributed, wealth inequality will widen to the point of social disorder. Everyone who wants […]
When Collapse Is Cheaper and More Effective Than Reform
When Collapse Is Cheaper and More Effective Than Reform Collapse begins when real reform becomes impossible. We all know why reforms fail: everyone whose share of the power and money is being crimped by reforms fights back with everything they’ve got. Reforms that can’t be stopped by the outright purchase of politicos are watered down […]
The Global Test Most Will Fail: Surviving the Bust That Inevitably Follows a Boom
The Global Test Most Will Fail: Surviving the Bust That Inevitably Follows a Boom Now that virtually every nation is entering the bust phase, all are being tested. Booms powered by credit, new markets and speculation are followed by busts as night follows day. This creates a very difficult test for every nation-state facing the inevitable […]
Untangling America from the American Empire
Untangling America from the American Empire Those calling for an end of the Empire don’t seem to realize that the federal state’s vast entitlement programs are ultimately funded by the Empire. The Status Quo would have us believe that America and its Empire are one entity. This is handy for those with Imperial designs but […]
All Hail Our New Lord and Master, the Stock Market
All Hail Our New Lord and Master, the Stock Market We’re all minions now of the stock market. The all-powerful Federal Reserve is mere minion of the stock market, a kitten absurdly claiming in public to be a tiger. If the market threatens to drop, the Fed quickly prostrates itself and does the bidding of its […]
The Federal Reserve: Illusion of Understanding, Illusion of Control
The Federal Reserve: Illusion of Understanding, Illusion of Control The net result is nonsensical policies that fail to achieve their stated objectives. We live in an era of illusion: the illusion of understanding, and the illusion of control. Few institutions reflect these illusions better than the Federal Reserve, though the Pentagon, Congress, the Imperial Presidency, the […]
Don’t Think the Status Quo Will Save You
Don’t Think the Status Quo Will Save You Here’s a chart that shows how the Status Quo “fixes” every problem: it transfers more debt and more losses to the taxpayers. Many hold a touchingly naive faith that the Status Quo will save them even as the current system unravels. Why is this faith naive? Let’s start […]
Will this Manic Stock Market Rally End in Tears?
Will this Manic Stock Market Rally End in Tears? Can the stock market completely ignore these changes and keep powering higher on the fumes of Mario Draghi’s promises? Judging by October’s rocket launch, the stock market is back to where it should be, i.e. in rally mode. Yee-haw! All it took to keep the party going […]
Why Is Wealth/Income Inequality Soaring?
Why Is Wealth/Income Inequality Soaring? If conventional labor and finance capital have lost their scarcity value, then the era in which financialization reaped big profits is ending. Why is wealth/income inequality soaring? The easy answer is of course the infinite greed of Wall Street fat-cats and the politicos they buy/own. But greed can’t be the only […]
The Real Trouble Begins When Rising Inequality Splinters the Elites
The Real Trouble Begins When Rising Inequality Splinters the Elites If others in our class are still rising while we’re stagnating, we sense a great disturbance in the financial and political Force. Rising economic inequality tends to generate political instability for all the obvious reasons: the rich get richer, the poor get poorer, the rich say let […]
Four Ticking Global Time-Bombs Few Even Hear
Four Ticking Global Time-Bombs Few Even Hear A few charts help us grasp the magnitude of the four global time-bombs. The geopolitical and financial risks facing the global economy are well-known.Hot wars and currency meltdowns garner headlines around the world. But few even hear, much less discuss, four ticking global time-bombs: 1. The demographic time-bomb. […]
Here’s Why Housing Must be Propped Up
Here’s Why Housing Must be Propped Up If housing tanks, the last prop under the veneer of middle class wealth collapses. The Powers That Be have gone to extraordinary lengths to prop up housing by whatever means are necessary since the collapse of the housing bubble in 2008: the Federal Reserve has pushed mortgages rates down […]
The Paradox of Risk: Central Planning Is Linear, Reality Is Non-Linear
The Paradox of Risk: Central Planning Is Linear, Reality Is Non-Linear You thought it was safe to drive 90 miles an hour on a rain-slicked narrow road while you were tipsy because the airbag would save you, but it still hurts when you crash. I first discussed the Paradox of Risk in August, 2008, just before the […]
Where Is the First Helicopter Drop of Money Likely to Land?
Where Is the First Helicopter Drop of Money Likely to Land? So what’s left in the toolbag of central banks and states to stimulate recessionary economies if QE has been discredited? The answer: Helicopter Money. We all know helicopter money of some kind is coming as the global economy spirals into recession. Quantitative Easing (QE)–the monetary stimulus of […]
When the Aristocracy Leaves the Commoners in the Dust, The Empire Is Doomed
When the Aristocracy Leaves the Commoners in the Dust, The Empire Is Doomed We all know the barriers between the commoners and the Elite rise higher every year, despite the claims of the corporate media and the Power Elite aristocracy. Historian Peter Turchin identified “the degree of solidarity felt between the commons and aristocracy” as […]
