Of Two Minds

The whole point of democracy and free markets is to force competition on elites who are desperate to eliminate competition.

If you want to understand the neofeudal reality, study these charts.

In stock market news, toilet paper manufacturers continued rallying while tech and luxury-brand stocks continued their slide to decade lows.

It turns out society isn’t just the sum total of the Fed goosing “maximizing shareholder value.” People actually have to live in the corrupt, bifurcated, distorted ghetto the Fed and “maximizing shareholder value” have created.

The decay of social norms and status quo systems triggering an authoritarian tightening of the screws is a well-worn pattern throughout human history.

This is how bubbles collapse: the “vital few” 4% sell at whatever the market will bear, pushing prices down, and the 64% awaken to the rapidly narrowing window for locking in bubble capital gains.