Latest Issues of #AxisOfEasy
Waste is not growth, and neither are the unlimited expansion of debt and speculative bubbles. The financial punditry is whipping itself into a frenzy about a Federal Reserve “policy error,” which is code for “if the music finally stops, we’re doomed!”
Read it »The destruction of ‘phantom wealth’ via default has always been the only way to clear the financial system of unpayable debt burdens and extremes of rentier / wealth dominance. The notion that the world could always borrow more money as long as interest rates were near-zero was never sustainable.
Read it »How unintended can these consequences be? My guess: not very. A great many people got the U.S. dollar trade wrong. The conventional view held that “printing money”, i.e. expanding the supply of money, would automatically devalue the currency.
Read it »Apple Debuts Lockdown Mode to Prevent State-Sponsored Spying,
Canada wide Rogers outage,
Canada is censoring us and bill c-11 will make it worse … this and more in AofE #254
Is it beyond conception that the core actually strengthens for a length of time before the unraveling reaches it? Let’s start by stipulating the obvious: no one knows the future, and most of the guesses–oops, I mean forecasts –will be wrong.
Read it »The irony is that the suppression of dissent is the suppression of competing ideas that generate systemic stability via rapid adaptation. Nations that appear stable may fail once they’re under pressure. What do I mean by “under pressure”?
Read it »It would be very irritating to have a rally suck in all the bears salivating for a crash from a bear-market rally peak and then decimate the shorts with a rally that soars rather than collapses to new lows. As a contrarian, I’m always squinting at the consensus and wondering if it is really that easy to be right.
Read it »Pick one, America: national security of the essential material foundation of everything, the industrial base, or “global markets,” maximizing greed / corporate profits. Sorry about the clickbait title. We all know there isn’t “one solution” to anything as complex as a socio-economic-cultural-political system.
Read it »What is “money”? “Money” is a claim on the essentials of life. Ration cards are claims on essentials. Many people expect “money” will soon be tied to commodities. Agreed. It’s called a ration card that grants the holder the right to buy a specific quantity of essential goods at a specified price.
Read it »Putting this all together, it’s clear that the source of the current housing bubble is the explosion of financial speculation fueled by central bank policies. Those benefiting from speculative bubbles have powerful incentives to deny the bubble can bust.
Read it »It’s very difficult to find common ground that supports cooperation in the disintegrative stage of scarcities, rising prices, catastrophically centralized power and social discord.
Read it »The mercantilist dependence on exports for growth, a winner for the past 70 years, has reached diminishing returns. Rather than be a source of growth, it’s a source of stagnation. Conventional wisdom holds that geopolitical power is inevitably shifting from West to East. It isn’t quite this simple.
Read it »It’s time to reprogram the conditions of the economy to serve the many rather than the few. Star Trek’s Kobayashi Maru training exercise tests officer candidates’ response to a no-win scenario: any attempt to rescue the crippled ship’s crew results in the destruction of the candidate’s ship, while standing by and taking no action results in the loss of the Kobayashi Maru’s crew.
Read it »Facebook Messenger Scam: Millions Deceived,
Traveling Restrictions are Ending, but Cybercriminals are Taking Advantage of It,
Matthew Gatrel, Downthem Boss Goes to Prison … this and more in AofE #251
Every forecast or guess has one refreshing quality: one will be right and the rest will be wrong. What’s the difference between a forecast< and a guess? On one level, the answer is "none": the future is unknown and even the most informed forecast is still a guess.
Read it »The economy has reached an inflection point where everything that is unsustainable finally starts unraveling.Our economy is in a crisis that’s been brewing for decades. The Chinese characters for the English word are famously–and incorrectly–translated as danger and opportunity.
Read it »There would be some deliciously karmic justice in the “dumb money” driving a rally that forced the “smart money” to cover their shorts and chase the rally that shouldn’t even be happening. Being cursed with contrarianism, as soon as a trade gets crowded and the consensus is one way, I start looking for whatever is considered so unlikely that it’s essentially “impossible.”
Read it »Attacking 5G via network slices: A new emerging threat,
New Linux Malware ‘Nearly Impossible to Detect,’
Anonymous hacktivists leaks 1TB of data from Russian law firm Rustam Kurmaev and Partner
… this and more in AofE #250
Workers are voting with their feet, and that’s difficult to control. When values and expectations change, everything else eventually changes, too. What happens when the workforce no longer wants to work? We’re about to find out.
Read it »Every individual and entity seeking to maximize their private gain by prostituting themselves to the government is, well, prostituting themselves to the government. The free-money PPP “loan” obtained by a prostitute frequented by Hunter Biden offers a vividly teachable insight into American capitalism:
Read it »If there was only one causal factor nudging the economy into recession, it might be a mild, brief recession. But with all five conditions in confluence, this recession will be unlike any other. Recessions reliably arise from the confluence of these conditions. Note that any one condition can trigger a recession, but no one condition guarantees a recession. Severe, long-lasting recessions occur when multiple conditions arise at the same time.
Read it »FBI issues Warning About Donations for Ukrainian Charities,
YODA: Malicious WordPress Plugins Installed in Over 24,000 Sites,
Unreasonably Suspicious: The Reason Ottawa Wants to Check Your Phone at The Border
… this and more in AofE #249
For everyone left out of the Fed’s hyper-financialized, hyper-globalized, hyper-inequality “new prosperity,” there’s always the bargain salmon cassarole. The latest issue of New Prosperity Magazine addresses the Fed’s “Goldilocks” inflation and the coming crack-up boom.
Read it »Contributors
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.