Of Two Minds

The cognitive dissonance required to ignore the widening gap between the real economy and the fraud’s basic machinery–speculation funded by “money” conjured out of thin air–has reached a level of denial that can only be termed psychotic.When scams st…

The lower reaches of the financial food chain are already dying, and every entity that depended on that layer is doomed.Though under pressure from climate change, the dinosaurs were still dominant 65 million year ago–until the meteor struck, creating …

As with the French Revolution, that will be the trigger for a wholesale replacement of our failed institutions.Since it’s Bastille Day, a national holiday in France celebrating the French Revolution, let’s ask a question few even think (or dare) t…

You better bow low and pay up, peasant, or your voice in the digital world will disappear just as quickly as your democracy’s control over Big Tech.Who’s the junior partner in global hegemony, Big Tech or the U.S. government? The question would ha…

The greater fools still partying in the first-class lounge are in denial that even the greatest, most technologically advanced ship can sink.On April 14, 1912, the liner Titanic, considered unsinkable due to its watertight compartments a…

As the inverted pyramid collapses, the effects will be non-linear.Round about late March, we entered a Financial FantasyLand in which all the sins and excesses of rampant financialization were going to be painlessly washed away. Mever mind the ent…