How the Fed Fails

The Fed has a binary choice: preserve America’s global hegemony or further enrich the billionaires. You can’t have both…  by Charles Hugh Smith via Of Two Minds The Fed will …

Designed To Fail, Failure Guaranteed

Yet it still comes as a great surprise to everyone when ‘doing more of what’s failed spectacularly’ ends up collapsing the whole rotten structure…  by Charles Hugh Smith via Of …

Is 2021 an Echo of 1641?

If you don’t discern any of these dynamics in the present, what are you choosing not to see?  by Charles Hugh Smith via Of Two Minds If you don’t discern …

Five “Interesting” Financial Tidbits

Is that a red flashing light on the control panel of “the man behind the curtain”?  by Charles Hugh Smith via Of Two Minds Among the many “interesting” (a safe …

The Tyranny Nobody Talks About

All the tricks to hide our unaffordable cost structure have reached marginal returns. Reality is about to intrude…  by Charles Hugh Smith via Of Two Minds All the tricks to hide …

2020 Was a Snack, 2021 Is the Main Course

One of the dishes that will surprise a great many revelers is the systemic failure of the Federal Reserve’s one-size-fits-all “solution” to every…  by Charles Hugh Smith via Of Two …

The Top 10%’s Bubble Is About to Burst

When the top 10%’s bubble pops in 2021, the loss of illusions/delusions of security and wealth will be shattering to all those who believed artifice and illusory “wealth” were real… …

Our Phantom Middle Class

What happens when America finally admits its middle class is a phantom of feel-good fantasy? We may well find out in the next four years…  by Charles Hugh Smith via …

Cycles, Systems and Seats in the Coliseum

The idea that debt, leverage, speculation, greed, exploitation and parasitic elites can expand exponentially forever is magical thinking…  by Charles Hugh Smith via Of Two Minds The idea that debt, …