Of Two Minds

So what do we know with any sort of certainty about the claim that “the pandemic is over”? Very little.Is the pandemic over in China, Europe, Japan and the U.S./Canada? Is the much-anticipated V-Shaped economic recovery already baked in, i.e. already g…

Ours is a Wile E. Coyote economy, and now we’re hanging in mid-air, realizing there is nothing solid beneath our feet.The story we’re told about how our “capitalist” economy works is outdated. The story goes like this: companies produce goods and …

We are entering The Greatest Depression because there is no exit.I’ve endeavored to explain why The Greatest Depression is unstoppable in recent posts:The Covid-19 Dominoes Fall: The World Is Insolvent March 16, 2020Pandemic Pandemonium: The Tides…

Come on, Jay, you can always goose stocks back to new highs after the election.Indulge me for a moment in some backroom speculation. It’s absurdly obvious that the unelected, permanent, ever-expanding National Security State, a.k.a the Deep State,…

The global crisis is not merely economic; it is the result of profound financial, sociological and political trends described by Marx, Kafka, Orwell and Huxley.The unfolding global crisis is best understood as the convergence of the dynamics described …

The bill for extreme wealth/income inequality is now overdue, and the penalties for ignoring the bill will be as extreme as the inequality.Our socio-economic-political system–let’s call it the status quo–has been hollowed out by extremes of weal…