Of Two Minds

Thus do the lazy complacent passengers drift inexorably toward the cataracts of collapse just ahead.The boat ride down to the waterfall of systemic collapse is not dramatic, it’s lazy drifting: a lazy complacency that doing more of what worked in …

Triffin’s Paradox demands painful trade-offs to issue a reserve currency, and it demands the issuing central bank serve two competing audiences and markets.Judging by the headlines and pundit chatter, the U.S. dollar is about to slide directly to zero….

With only 56 trading days and fewer than 80 calendar days to the election, the Deep State camps seeking to torpedo Trump’s re-election have reached the do-or-die point.Back in June I speculated that the only way the Deep State could deep-six Trump’s re…

This is why denormalization is an extinction event for much of our high-cost, high-complexity, heavily regulated economy.A collapse of major chunks of the economy is widely viewed as “impossible” because the federal government can borrow and spend unli…

Here’s what denormalization means: there was no “New Normal” for the dinosaurs.Everyone talks about the “New Normal,” as if there’s a guarantee that life will return to normal. But the “New Normal” is De-Normalization, which I defin…

Two simple regulations would drive a stake through Wall Street’s corrupt, evil heart.While the corporate media is focused on the presidential election, perhaps the more interesting question is: could Wall Street Lose the election? That is, could W…