Of Two Minds

As Jackson Browne put it: Don’t think it won’t happen just because it hasn’t happened yet.We can summarize all that will unfold in the next few years in one line: The way of the Tao is reversal. This is the opening line of Chapter 40 of Lao T…

It’s not that hard to forecast a populist revolt against the parasitic class that’s grown obscenely wealthy as a direct result of Fed policies.Under the tender care of the Federal Reserve, America’s wealth inequality has skyrocketed to new heights of o…

Once the government’s ability to sustain its enforcement with money created out of thin air vanishes, the entire order vanishes along with it.The era of waste, greed, fraud and living on borrowed money is dying, and those who’ve known no other way of l…

Readers ask for specific recommendations for successfully navigating the post-credit/speculative-bubble era and I try to do so while explaining the impossibility of the task.As the bogus prosperity economy built on exponential growth of debt …

Longtime correspondent Paul B. suggested I re-publish three essays that have renewed relevance. This is the second essay, from July 2008. Thank you, Paul, for the suggestion.I received this timely inquiry from astute reader Paul B.:I’m interested in # …

If someone were to ask for a less risky survival strategy, I would suggest moving into town and start showing a little generosity rather than a lot of hoarding.I’m not trying to be difficult, but I can’t help cutting against the grain on topics like su…