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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…

A Covid-19 vaccine, or lack thereof, will have zero effect in terms of reversing these cycles. Call it Fate, call it karma, call it what you will, but the cycles have aligned and nothing can stop the unraveling of all that was foolishly presumed to be …

Any economy that concentrates its wealth and income in the top tier is a fragile economy.There are two structural reasons why consumer spending will not rebound, no matter how “open” the economy may be. Virtually everyone who glances at headlines …

Financialization was never sustainable, and neither was the destructive globalization it enabled.All the happy-story analogies to past pandemics being mere bumps in the road miss the mark. A popular claim is that the 1918-1919 flu pandemic killed …

The core problem is the U.S. economy has been fully financialized, and so costs are unaffordable.To understand the long-term consequences of the pandemic on Main Street and local tax revenues, we need to consider first and second order effects. Th…