Of Two Minds

OfTwoMinds

I’m Looking for Ten Readers Willing to Pony Up $1 for the Crazy-Valuable Content Here

November 20, 2021

I only rattle the begging bowl once a calendar year, and this is it. Beneath the Photoshopped complacency, the level of uncertainty about the future is pegged to 11 (recall that 10 is the conventional max on the guitar amp volume knob). It’s times like this when the crazy-valuable content on Of Two Minds becomes even more crazy-valuable.

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The Fed’s Moral Hazard Monster Is About to Lay Waste to "Wealth"

November 19, 2021

If the Fed set out to destroy the financial system, they’re very close to finishing the job. If you set out to destroy markets and the financial system, your most important weapon is moral hazard, the disconnection of risk and consequence. You disconnect risk from consequence by rewarding those making the riskiest bets and bailing out gamblers whose bets went bad.

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Top 1% Gains More Wealth Than the Combined GDPs of Japan, Germany, UK, France, India and Italy, Bottom 50%–You Get Nothing

November 17, 2021

Given that political power in America is a pay-to-play auction in which the highest bidder wins, how this incomprehensibly lopsided ownership of wealth plays out is an open question. Wealth inequality easily falls into an abstraction unless we contextualize it in meaningful ways.

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Paging Isaac Newton: Time to Buy the Top of This Bubble

November 15, 2021

Despite Newton’s tremendous intelligence and experience, he fell victim to the bubble along with the vast herd of credulous greedy punters. One of the most famous examples of smart people being sucked into a bubble and losing a packet as a result is Isaac Newton’s forays in and out of the 1720 South Seas Bubble that is estimated to have sucked in between 80% and 90% of the entire pool of investors in England.

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Look Out Below: Why a Rug-Pull Flash Crash Makes Perfect Sense

November 12, 2021

It makes perfect financial sense to crash the market and no sense to reward the retail options marks by pushing it higher. An extraordinary opportunity to scoop up mega-millions in profits has arisen, and grabbing all this free money makes perfect financial sense. Now the question is: will those who have the means to grab the dough have the guts to do so?

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The Contrarian Trade of the Decade: The Dollar Refuses to Die

November 10, 2021

Which is more valuable: Wall Street’s debt/asset bubbles or the global empire? You can’t have both, so choose wisely. The consensus makes sense: the U.S. dollar is doomed because the Federal Reserve and the Treasury will conjure trillions of new dollars out of thin air to prop up the status quo entitlements, monopolies, cartels and debt/asset bubbles, and since little of this issuance actually increases productivity, all it will accomplish is the dilution / devaluation of the currency.

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Contributors

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Mark E. Jeftovic

Mark is the co-founder of easyDNS and the editor-in-chief of #AxisOfEasy. He is the author of Managing Mission Critical Domains & DNS (Packt UK, 2018) and Unassailable: Protect Yourself from Deplatform Attacks & Cancel Culture. 

The Canadian Bitcoiners

The Canadian Bitcoiners

Joey Tweets and Len the Lengend are the hosts of The Canadian Bitcoiners Podcast, and you may recognize them as the voices (and faces) behing the AxisOfEasy Podcast. CanadianBitcoiners.com

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Charles Hugh Smith

Charles Hugh Smith is the author of numerous books and writes from OfTwoMinds.com.