Of Two Minds

Since human wetware remains stuck in OS1.01, we can predict a remarkable reversal.The “Everything Bubble” has been a sight to behold. With central banks providing trillions to the big players and margin debt enabling small punters to leverage up, …

This is the key dynamic of the economy going forward: defaults on debt, declining wealth as assets are relentlessly repriced lower and sharp declines in income due to layoffs and debt defaults.The economy is like an elephant surrounded by blindfolded e…

What they don’t understand is inequality is America’s Monster Id: the more you try to suppress it, the more powerful it becomes.The word privilege is much bandied about now. I’ve been writing about privilege for many years, and ended up …

As businesses, agencies and organizations recalibrate to the reality that the V-shaped recovery was nothing but a brief fantasy, 6 million additional jobs lost may be a best-case scenario rather than the worst-case scenario.It is somewhat less than rea…

The cognitive dissonance required to ignore the widening gap between the real economy and the fraud’s basic machinery–speculation funded by “money” conjured out of thin air–has reached a level of denial that can only be termed psychotic.When scams st…

The lower reaches of the financial food chain are already dying, and every entity that depended on that layer is doomed.Though under pressure from climate change, the dinosaurs were still dominant 65 million year ago–until the meteor struck, creating …