OfTwoMinds
America’s Bottom 50% Have Nowhere To Go But Down
One might anticipate that the bottom 50%’s meager share of the nation’s exploding wealth would have increased as smartly as the wealth of the billionaires, but alas, no. America’s economy has changed in ways few of the winners seem to notice, as they’re too busy cheerleading their own brilliance and success.
VIEW POSTLife’s a Beach Until the Tsunami Hits: Four Waves Nobody Cares About–Yet
Four monster waves are about to crash onto the Fed’s beach party and sweep away the unwary revelers. Hey, is the water in the bay receding? Never mind, free drinks are on the Federal Reserve, so party on, life’s a beach, asset bubbles will never pop, we’re safe. Of course you are.
VIEW POSTWhy Shortages Are Permanent: Global Supply Shortages Make Fantastic Financial Sense
The era of abundance was only a short-lived artifact of the initial boost phase of globalization and financialization.Global corporations didn’t go to all the effort to establish quasi-monopolies and cartels for our convenience–they did it to ensure reliably large profits from control and scarcity.
VIEW POSTRisk Was Never Low, It Was Only Hidden
The vast majority of market participants are about as ready for a semi-random “volatility event” as the dinosaurs were for the meteor strike that doomed them to oblivion. Judging by euphoric gambler–oops I mean “investor”–sentiment and measures of volatility, risk of a market drop has been near-zero for the past 18 months. But risk was never actually low, it was only hidden. When it emerges, it’s a surprise only to those who mistakenly thought risk had vanished.
VIEW POSTWhile Everyone Cheers Soaring "Wealth," America’s Social Order Is Unraveling
So by all means, focus on the inexorable rise of stocks, cryptos and housing as “proof” of America’s soaring “wealth” while the social order unravels beneath our feet. It is a supremely tragic irony that while the corporate media ceaselessly touts America’s soaring financial “wealth,” the nation’s true wealth–its social order is fast unraveling.
VIEW POSTThe Market Crash Nobody Thinks Is Possible Is Coming
The banquet of consequences is being served, and risk-off crashes are, like revenge, best served cold. The ideal setup for a crash is a consensus that a crash is impossible–in other words, just like the present: sure, there are carefully measured murmurings about a “correction” but nobody with anything to lose in the way of public credibility is calling for an honest-to-goodness crash, a real crash, not a wimpy, limp-wristed dip that will immediately be bought.
VIEW POSTContributors
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
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
Charles Hugh Smith
Charles Hugh Smith is the author of numerous books and writes from OfTwoMinds.com.