Of Two Minds

What nobody dares whisper is ‘there is no alternative to collapse’ because the system is now too fragile and brittle to survive.TINA–there is no alternative–is throwing an orgy of money-creation, and it’s one for the ages: The Federal Reserve ha…

Virtually nothing in America’s top-down financial and political realms is actually transparent, accountable, authentic or honest.Opting out will increasingly be the best (or only) choice for tens of millions of people globally. Opting out&nbs…

Dear Corporate America: maybe you remember the old Johnny Paycheck tune? Let me refresh your memory: take this job and shove it.Put yourself in the shoes of a single parent waiting tables in a working-class cafe with lousy tips, a worker stuck with hig…

Demand based on debt, unfulfilled promises and unaffordable habits is burning down.The first-order effect of the lockdown was demand destruction as shelter-in-place orders and business closures restricted consumers’ ability to spend.The secon…

A Covid-19 vaccine, or lack thereof, will have zero effect in terms of reversing these cycles. Call it Fate, call it karma, call it what you will, but the cycles have aligned and nothing can stop the unraveling of all that was foolishly presumed to be …

Any economy that concentrates its wealth and income in the top tier is a fragile economy.There are two structural reasons why consumer spending will not rebound, no matter how “open” the economy may be. Virtually everyone who glances at headlines …