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That which has failed is unsustainable, no matter how many trillions the Federal Reserve tosses against the tides of history.The chapter titles of Michael Grant’s excellent account of The Fall of the Roman Empire identify the core dynamics of…

As the old models break down, opportunities for new models will arise.Unstable, unsustainable systems can lull observers into a comfy complacency as instability increases beneath a thin veneer of apparent stability.That’s the systemic story of the…

Our ruling elites, devoid of leadership, are little more than the scum of self-interested, greedy grifters who rose to the top of America’s foul-smelling stew of corruption.The Founding Fathers were wary of institutional threats to liberty and the citi…

Flooding the financial system with “free money” only restores the illusion of stabilityI updated my How Systems Collapse graphic from 2018 with a “we are here” line to indicate our current precarious position just before the waterfall:For those wh…

Once the pool of greater fools dries up, stocks crash regardless of what the Fed does or bleats.The conventional view is the Federal Reserve creating trillions of dollars out of thin air will trigger inflation. Not so fast. Yes, creating…

The Company Store is open, buy whatever you want on easy credit, and don’t forget to take an approved narrative with you.I’ve been discussing the neocolonial-plantation structure of the U.S. economy since 2008, and now this model has reached perfection…

Re-opening a fragile, brittle, bankrupt, hopelessly perverse and corrupt “normal” won’t fix what’s broken.The stock market is in a frenzy of euphoria at the re-opening of the economy. Too bad the re-opening won’t fix what’s broken. As I’ve been no…

The fragile ice shelf of speculative bets and debt clinging to the mountainside is making strange creaking sounds– will you listen or will you ignore it because ‘the Fed has our back’?Feast your eyes on the chart below of the Nasdaq 100 stock market I…

What nobody dares whisper is ‘there is no alternative to collapse’ because the system is now too fragile and brittle to survive.TINA–there is no alternative–is throwing an orgy of money-creation, and it’s one for the ages: The Federal Reserve ha…

Virtually nothing in America’s top-down financial and political realms is actually transparent, accountable, authentic or honest.Opting out will increasingly be the best (or only) choice for tens of millions of people globally. Opting out&nbs…

Dear Corporate America: maybe you remember the old Johnny Paycheck tune? Let me refresh your memory: take this job and shove it.Put yourself in the shoes of a single parent waiting tables in a working-class cafe with lousy tips, a worker stuck with hig…

Demand based on debt, unfulfilled promises and unaffordable habits is burning down.The first-order effect of the lockdown was demand destruction as shelter-in-place orders and business closures restricted consumers’ ability to spend.The secon…