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So what do we know with any sort of certainty about the claim that “the pandemic is over”? Very little.Is the pandemic over in China, Europe, Japan and the U.S./Canada? Is the much-anticipated V-Shaped economic recovery already baked in, i.e. already g…

Ours is a Wile E. Coyote economy, and now we’re hanging in mid-air, realizing there is nothing solid beneath our feet.The story we’re told about how our “capitalist” economy works is outdated. The story goes like this: companies produce goods and …

We are entering The Greatest Depression because there is no exit.I’ve endeavored to explain why The Greatest Depression is unstoppable in recent posts:The Covid-19 Dominoes Fall: The World Is Insolvent March 16, 2020Pandemic Pandemonium: The Tides…

Come on, Jay, you can always goose stocks back to new highs after the election.Indulge me for a moment in some backroom speculation. It’s absurdly obvious that the unelected, permanent, ever-expanding National Security State, a.k.a the Deep State,…

The global crisis is not merely economic; it is the result of profound financial, sociological and political trends described by Marx, Kafka, Orwell and Huxley.The unfolding global crisis is best understood as the convergence of the dynamics described …

The bill for extreme wealth/income inequality is now overdue, and the penalties for ignoring the bill will be as extreme as the inequality.Our socio-economic-political system–let’s call it the status quo–has been hollowed out by extremes of weal…

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…