Of Two Minds

You thought that monkey on your back was light as a feather, but now it transmogrified overnight into a crushing gorilla.Dear junkies addicted to the Federal Reserve’s free-money smack: like all addicts, you firmly believe you’re not addicted.&nbs…

They’re hoping the endless circuses and trails of bread crumbs will forever distract us from their plunder and the inequalities built into America’s financial system..The primary story of the past 20 years is the already-rich have gotten much richer, w…

Here’s the thing about gambling: risk cannot be made to disappear, it can only be transferred to others.Those taking seats at the gaming tables in the Federal Reserve’s casino believe that they can’t lose. Or more precisely, any losses they suffer…

The Fed has backed itself not into a corner but to the edge of a precipice.Though the Federal Reserve never stated its Grand Bargain explicitly, their actions have spoken louder than their predictably self-serving, obfuscatory public pronouncements.&nb…

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realizing there is nothing solid beneath our feet.The story we’re told about how our “capitalist” economy works is outdated.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 …