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What’s Really Going On in China

By Charles Hugh Smith | September 23, 2021 | 0 Comments
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Losses will be taken and sacrifices enforced on those who don’t understand the Chinese state will no longer absorb the losses of speculative excess. Let’s start by stipulating that no one outside President Xi’s inner circle really knows what’s going on in China, and so my comments here are systemic observations, not claims of insider knowledge.

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America 2021: Inequality is Now Baked In

By Charles Hugh Smith | September 22, 2021 | 0 Comments
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This complete capture of all avenues of regulation and governance can only end one way, a kind of hyper-stagflation. Zeus Y. and I go way back, and he has always had a knack for summarizing just how insane, disconnected from reality, manipulative and exploitive the status quo narrative has become.

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#AxisOfEasy 212: Instagram Is Toxic To Teenage Girls And Facebook Knew It

By Mark E. Jeftovic | September 21, 2021 | 4 Comments
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The Lancet publishes stunning rebuke to Wuhan lab origin denialists,
Facebook: We’re all equal, but some are more equal than others,
Instagram is toxic to teenage girls and Facebook knew it this and more in our weekly Axis of Easy #212

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Now That the American Dream Is Reserved for the Wealthy, The Smart Crowd Is Opting Out

By Charles Hugh Smith | September 19, 2021 | 0 Comments
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The already-wealthy and their minions are unprepared for the Smart Crowd opting out. Clueless economists are wringing their hands about the labor shortage without looking at the underlying causes, one of which is painfully obvious: the American economy now only works for the top 10%; the American Dream of turning labor into capital is now reserved for the already-wealthy.

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Ministry of Manipulation: No Wonder Trust and Credibility Have Been Lost

By Charles Hugh Smith | September 17, 2021 | 0 Comments
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Now that every financial game in America has been rigged to benefit the few at the expense of the many, trust and credibility has evaporated like an ice cube on a summer day in Death Valley. Here is America in a nutshell: we no longer solve problems, we manipulate the narrative and then declare the problem has been solved.

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The Illusion of Getting Rich While Producing Nothing

By Charles Hugh Smith | September 15, 2021 | 0 Comments
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By incentivizing speculation and corruption, reducing the rewards for productive work and sucking wages dry with inflation, America has greased the skids to collapse. Of all the mass delusions running rampant in the culture, none is more spectacularly delusional than the conviction that we can all get fabulously rich from speculation while producing nothing.

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#AxisOfEasy 211: Mysterious Radio Signals Emanating From Centre Of The Galaxy

By Mark E. Jeftovic | September 14, 2021 | 2 Comments
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NPR decries the evils of Free Speech, Taibbi responds,
“Reputation” companies use fake DMCA requests to deplatform critics,
The Taliban now possesses Afghan biometric databases… this and more in our weekly Axis of Easy #211

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The U.S. Economy In a Nutshell: When Critical Parts Are On "Indefinite Back Order," the Machine Grinds to a Halt

By Charles Hugh Smith | September 14, 2021 | 0 Comments
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A great many essential components in America are on ‘indefinite back order’, including the lifestyle of endless globally sourced goodies at low, low prices. Setting aside the “transitory inflation” parlor game for a moment, let’s look at what happens when critical parts are unavailable for whatever reason, for example, they’re on back order or indefinite back order, i.e. the supplier has no visibility on when the parts will be available.

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The Banality of (Financial) Evil

By Charles Hugh Smith | September 11, 2021 | 0 Comments
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The financialized American economy and State are now totally dependent on a steady flow of lies and propaganda for their very survival. Were the truth told, the status quo would collapse in a putrid heap. Go ahead and be evil, because everyone else is evil, too, because being evil serves everyone’s interests far better than maintaining integrity, for integrity will cost you more than you can afford.

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The Fed Is Fatally Corrupt– And So Is the Rest of America’s Status Quo

By Charles Hugh Smith | September 10, 2021 | 0 Comments
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We know you’re all just poor corrupt officials, but bleating excuses won’t save you from the karmic payoff. The Federal Reserve can be summed up in two famous lines from the classic film Casablanca in which the corrupt police official Renault is ordered to close Rick’s cafe. Renault: I’m shocked! Shocked to find that gambling is going on in here.

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Please Don’t Pop Our Precious Bubble!

By Charles Hugh Smith | September 8, 2021 | 0 Comments
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It’s a peculiarity of the human psyche that it’s remarkably easy to be swept up in bubble mania and remarkably difficult to be swept up in the same way by the bubble’s inevitable collapse. Allow me to summarize the dominant zeitgeist in America at this juncture of history: Grab yourself a big gooey hunk of happiness by turning a few thousand bucks into millions–anyone can do it as long as they visualize abundance and join the crowd minting millions.

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Is Anyone Willing to Call the Top of the Everything Bubble?

By Charles Hugh Smith | September 6, 2021 | 0 Comments
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Can extremes become too extreme to continue higher? We’re about to find out. Is anyone willing to call the top of the Everything bubble? The short answer is no. Anyone earning money managing other people’s money cannot afford to be wrong, and so everyone in the herd prevaricates on timing.

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The Illusion of Stability, the Inevitability of Collapse

By Charles Hugh Smith | September 3, 2021 | 0 Comments
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Beneath the illusory stability of rising GDP, the extremes of debt, leverage, stimulus and speculative frenzy required to keep the ‘phantom wealth bubble’ from imploding are all rising parabolically. Imagine being at a party celebrating the vast wealth generated in the last ten months in stocks, cryptocurrencies, real estate and just about every other asset class.

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Magical Thinking About Green Energy

By Charles Hugh Smith | September 1, 2021 | 0 Comments
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The incentives must change from “waste is growth” to hyper-efficiency, conservation, right to repair and manufactured objects engineered to last a generation or longer and be recyclable at scale. Humans like novelty but don’t like change. It’s easy to confuse the two.

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#AxisOfEasy 210: Vaccine Passports Coming To Ontario

By Mark E. Jeftovic | August 31, 2021 | 1 Comment
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FTC refiles anti-trust case against Facebook,
Study: Canada’s contact tracing app saved about 100 lives,
Vaccine passports coming to Ontario .. this and more in our weekly Axis of Easy #210

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The Elites’ Battle for the Future America

By Charles Hugh Smith | August 30, 2021 | 0 Comments
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No nation can produce less of lesser quality, and squander more on infinitely greedy and corrupt elites, all funded by issuing trillions of new units of currency, and imagine that this asymmetry will never have consequences. As I have often noted, historian Michael Grant identified profound political disunity in the ruling class as a key cause of the dissolution of the Roman Empire.

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Do You Live in a Social Capital Desert?

By Charles Hugh Smith | August 28, 2021 | 0 Comments
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Necessity is a magnet, and perhaps as what’s essential in our lives changes, social capital will start sprouting, even in the most unlikely places. “Desert” has become a favored metaphor: food deserts describe neighborhoods with few places to buy fresh fruits and vegetables, democracy deserts describe political regions rigged by gerrymandering, and so on.

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Fed Up with the Fed’s Abuse of Power

By Charles Hugh Smith | August 27, 2021 | 0 Comments
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One phrase describes the Fed’s pillaging of the nation to benefit the few at the expense of the many: abuse of power. To confess that the fate of the entire global economy now rests on the mumblings of a fossilized Politburo fanatically devoted to making the rich richer is to 1) state the obvious and 2) admit the extreme fragility of the global financial system.

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How to Identify a Bubble: Wall Street Says It’s Not a Bubble

By Charles Hugh Smith | August 25, 2021 | 0 Comments
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The post-bubble-crash phase is already being prepared: ‘no one could have seen this coming’–except anyone who paid attention to anything other than self-interested shills. It’s really pretty simple to identify a speculative bubble of epic proportions in stocks: if Wall Street says it’s not a bubble, it’s a bubble.

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#AxisOfEasy 209: Breach Of The Year? T-Mobile Hack Exposes Data For Millions Of Users

By Mark E. Jeftovic | August 24, 2021 | 3 Comments
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Breach of the Year? T-Mobile hack exposes PII of 54M users,
Accenture hit with ransomware, attackers demand $50M,
Maple Leafs new hire lasts about 30 seconds thanks to Twitter… this and more in our weekly Axis of Easy #209

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The end of algorithmic moderation or the emergence of a new automated morality?

By Jesse Hirsh | August 23, 2021 | 0 Comments
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We’ve previously and repeatedly written about how sex workers are the Internet’s equivalent of the canary in the coal mine as what happens to them will inevitably happen to us.

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The Upside of a Stock Market Crash

By Charles Hugh Smith | August 23, 2021 | 0 Comments
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A drought-stricken forest choked with dry brush and deadfall is an apt analogy. While a stock market crash that stairsteps lower for months or years is generally about as welcome as a trip to the guillotine in Revolutionary France, there is some major upside to a crash.

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Why the Wheels Are Coming Off

By Charles Hugh Smith | August 20, 2021 | 0 Comments
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Is that the scent of smoke? What’s that red glare? Must be nothing. Why are the wheels coming off the American Project?Afghanistan is front and center in the news flow for obvious reasons, but since I have no expertise on that nation or America’s role there, I am stipulating these are general comments from a systemic perspective.

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The Smart Money Has Already Sold

By Charles Hugh Smith | August 18, 2021 | 0 Comments
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Generations of punters have learned the hard way that their unwary greed is the tool the ‘Smart Money’ uses to separate them from their cash and capital. The game is as old as the stock market: the Smart Money recognizes the top is in, and in order to sell all their shares, they need to recruit bagholders to buy their shares and hold them all the way down.

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Why the Global Economy Is Unraveling

By Charles Hugh Smith | August 16, 2021 | 0 Comments
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Global supply chain logjams and global credit/financial crises aren’t bugs, they’re intrinsic features of Neoliberalism’s fully financialized global economy. To understand why the global economy is unraveling, we have to look past the headlines to the primary dynamic of globalization: Neoliberalism, the ideological orthodoxy which holds that introducing market dynamics to sectors that were closed to global markets generates prosperity for all.

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Contributors

Mark E. Jeftovic

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

Charles Hugh Smith

Charles Hugh Smith

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