Consumer Spending Will Not Rebound–Here’s Why
Any economy that concentrates its wealth and income in the top tier is a fragile economy.There…
Author: Charles Hugh Smith
Globalization and Financialization Are Dead, and so Is Everything That Depended on Them
Financialization was never sustainable, and neither was the destructive globalization it enabled.All the happy-story analogies to…
The Collapse of Main Street and Local Tax Revenues Cannot Be Reversed
The core problem is the U.S. economy has been fully financialized, and so costs are unaffordable.To…
What the Pandemic Revealed: a Morally Bankrupt Culture
Monopolies, quasi-monopolies and cartels are inherently exploitive and thus evil.What was "normal" for the past two…
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…
The Fed Is Fueling a Revolt That It Cannot Control
It's not that hard to forecast a populist revolt against the parasitic class that's grown obscenely…