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Charles Hugh Smith

All Bubbles Pop

Posted by on Friday, July 28th, 2023 in Of Two Minds

The problem with bubbles of received wisdom and herd-euphoria is conditions change but the risk of something untoward happening is...

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I Keep Changing Channels But It’s Still the Same Program

Posted by on Wednesday, July 26th, 2023 in Of Two Minds

We can pretend an insanely over-leveraged, fragile status quo is rock-solid and will deliver the goodies regardless of anything sh...

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Everyone’s Talking about Currencies: 21 Points

Posted by on Sunday, July 23rd, 2023 in Of Two Minds

The ideal 'sound money system' is one in which many currencies, both state-issued and privately issued, compete in a transparent g...

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It’s Mourning in America

Posted by on Friday, July 21st, 2023 in Of Two Minds

Now that America has been transformed from a high-trust social order into a low-trust social order, there's no going back. ...

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Lessons from The Great Depression

Posted by on Wednesday, July 19th, 2023 in Of Two Minds

The risks of gambling in speculative frenzies and depending on serial asset bubbles continuing forever are easily observable, yet ...

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The Two Causes of the Coming Great Depression

Posted by on Monday, July 17th, 2023 in Of Two Minds

But the status quo has much to unlearn, and it seems the only pathway to a new understanding is a Great Depression. ...

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