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#AxisOfEasy 141: Here Comes Dark_Nexus: Possibly The Most Potent IoT Botnet Ever

By Mark E. Jeftovic | April 13, 2020 | 1 Comment
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Hacked video conference logins being sold on the Dark Web
Apple and Google teaming up for Coronavirus contact tracing
Eurozone Coronavirus surveillance efforts use mobile apps to track spread

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There’s No Going Back, We Can Only Go Forward

By Charles Hugh Smith | April 12, 2020 | 0 Comments
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What I see is a global collapse of intangible capital that is invisible to most people.It’s only natural that the conventional expectation is a return to the pre-pandemic world is just a matter of time. Whether it’s three months or six months or 1…

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AirBnB Pivots to “Virtual Experiences”, Lands $1 Billion  Down Round

AirBnB Pivots to “Virtual Experiences”, Lands $1 Billion Down Round

By Elon Theranos Esq. | April 12, 2020 | 0 Comments
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AirBnB, the tech unicorn that monetizes your spare room has been hit hard by the Coronavirus academic. As the company and the phenomenon grew, more and more “investors” levered up to buy more properties to rent out short term. Some becoming so-called “super-hosts”, running dozens or even hundreds of rental units. There even emerged a phenomenon, of “STR arbitrage“, which is Short Term Rental Arbitrage: taking out long term leases on properties you don’t own,…

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Tesla to lay off up to half of sales and delivery staff

By Elon Theranos Esq. | April 10, 2020 | 0 Comments
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CNBC reported Friday that Tesla will be laying off up to half of it’s sales and delivery staff, this comes on the heels of other layoffs reported earlier in the week. Salaried employees are looking at pay cuts of 10% to 30%. In other news, Elon’s brother Kimball appears to have pulled a switcheroo on his employees “emergency fund” for his Nextdoor Restaurant chain, pulling the plug on the fund right before he laid off…

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Buy The Tumor, Sell the News

By Charles Hugh Smith | April 10, 2020 | 0 Comments
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The fictitious valuation of the stock market will eventually re-connect with reality in a violent decline.No, buy the tumor, sell the news ™ is not a typo: the stock market is a lethal tumor in our economy and society. Buy the rumor, …

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The World Has Changed More Than We Know

By Charles Hugh Smith | April 8, 2020 | 0 Comments
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Put another way: eras end.While the mainstream media understandably focuses on the here and now of the pandemic, some commentators are looking at the long-term consequences. Here is a small sampling:Coronavirus, synchronous failure and the gl…

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#AxisOfEasy 140: Let’s Make This Simple: Zoom is Malware

By Mark E. Jeftovic | April 7, 2020 | 0 Comments
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Big Tech jumping into red hot Coronavirus surveillance market  / Let’s Make This Simple: Zoom is Malware

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The Lockdown Wouldn’t Be So Devastating If Our Economy Wasn’t So Rigged, Brittle and Exploitive

By Charles Hugh Smith | April 6, 2020 | 0 Comments
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An economy of rackets designed to enrich the few at the expense of the many is brittle because self-serving rackets snuff out competition, accountability and transparency.What’s remarkable about the lockdown isn’t the hue and cry about the economic dam…

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The Lockdown Wouldn’t Be So Devastating If Our Economy Wasn’t So Rigged, Brittle and Exploitive

By Charles Hugh Smith | April 6, 2020 | 0 Comments
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An economy of rackets designed to enrich the few at the expense of the many is brittle because self-serving rackets snuff out competition, accountability and transparency.What’s remarkable about the lockdown isn’t the hue and cry about the economic dam…

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If Lockdown Is a Needless Over-Reaction, Then Why Did China Lockdown Half its Economy?

By Charles Hugh Smith | April 5, 2020 | 0 Comments
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Recall that the initial deaths and related costs are only the first-order effects; policy makers have to consider the second-order effects.Everyone who reckons that the lockdown is needless and more destructive than the pandemic that triggered it has t…

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If Lockdown Is a Needless Over-Reaction, Then Why Did China Lockdown Half its Economy?

By Charles Hugh Smith | April 5, 2020 | 0 Comments
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Recall that the initial deaths and related costs are only the first-order effects; policy makers have to consider the second-order effects.Everyone who reckons that the lockdown is needless and more destructive than the pandemic that triggered it has t…

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When Bulls Are Over-Anxious to Catch the Rocketship Higher, This Isn’t the Bottom

By Charles Hugh Smith | April 2, 2020 | 0 Comments
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Everyone with any position in today’s market will be able to say they lived through a real Bear Market.In the echo chamber of a Bull Market, there’s always a reason to get bullish: the consumer is spending, housing is strong, the Fed has our back,…

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When Bulls Are Over-Anxious to Catch the Rocketship Higher, This Isn’t the Bottom

By Charles Hugh Smith | April 2, 2020 | 0 Comments
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Everyone with any position in today’s market will be able to say they lived through a real Bear Market.In the echo chamber of a Bull Market, there’s always a reason to get bullish: the consumer is spending, housing is strong, the Fed has our back,…

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The Wonderful Insanity of Globalization

By Charles Hugh Smith | April 1, 2020 | 0 Comments
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So here’s an April Fools congrats to globalization’s many fools.The tradition here at Of Two Minds is to make use of April Fool’s Day for a bit of parody or satire, but I’m breaking with tradition and presenting something that is all too real…

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The Wonderful Insanity of Globalization

By Charles Hugh Smith | April 1, 2020 | 0 Comments
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So here’s an April Fools congrats to globalization’s many fools.The tradition here at Of Two Minds is to make use of April Fool’s Day for a bit of parody or satire, but I’m breaking with tradition and presenting something that is all too real…

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Pandemic Pandemonium: The Tides of Globalization and Financialization Reverse

By Charles Hugh Smith | March 30, 2020 | 0 Comments
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Central bank free money doesn’t create collateral or creditworthy borrowers, and without those foundations, the decayed, rotted shack will collapse.In terms of consequential trends, the pandemic is not a cause, it’s an accelerant of shifts al…

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Pandemic Pandemonium: The Tides of Globalization and Financialization Reverse

By Charles Hugh Smith | March 30, 2020 | 0 Comments
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Central bank free money doesn’t create collateral or creditworthy borrowers, and without those foundations, the decayed, rotted shack will collapse.In terms of consequential trends, the pandemic is not a cause, it’s an accelerant of shifts al…

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[Axis of Easy] April Fool’s Day Has Been #Canceled

By Mark E. Jeftovic | March 30, 2020 | 0 Comments
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Weekly Axis Of Easy #139 Last Week’s Quote was “Tomorrow belongs to those who can hear it coming”, by David Bowie, winner was Thomas This Week’s Quote:  “If you are going through hell, keep going.” …by ???? THE RULES:   No searching up the answer, must be posted to the blog The Prize:   First person to post the […]

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What Happens as State and Local Tax Revenues Crater?

By Charles Hugh Smith | March 29, 2020 | 0 Comments
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We can anticipate a federal bailout of pension funds and one-time aid to state and local governments, but bailouts won’t repair the eroding foundations of tax revenues.As we all know, the federal government can “print” money but state, county and city …

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What Happens as State and Local Tax Revenues Crater?

By Charles Hugh Smith | March 29, 2020 | 0 Comments
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We can anticipate a federal bailout of pension funds and one-time aid to state and local governments, but bailouts won’t repair the eroding foundations of tax revenues.As we all know, the federal government can “print” money but state, county and city …

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The New (Forced) Frugality

By Charles Hugh Smith | March 28, 2020 | 0 Comments
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There are only two ways to survive a decline in income and net worth: slash expenses or default on debt.In post-World War II America, the cultural zeitgeist viewed frugality as a choice: permanent economic growth and federal anti-po…

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The New (Forced) Frugality

By Charles Hugh Smith | March 28, 2020 | 0 Comments
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There are only two ways to survive a decline in income and net worth: slash expenses or default on debt.In post-World War II America, the cultural zeitgeist viewed frugality as a choice: permanent economic growth and federal anti-po…

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The Pandemic Is Accelerating the Breakdown That Began a Decade Ago

By Charles Hugh Smith | March 25, 2020 | 0 Comments
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The feedback loop has reversed: by saving more, people will spend, borrow and speculate less, draining the fuel from any broadbased expansion.In eras of confidence and certainty, people save less and spend more freely. When we’re confident that go…

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The Pandemic Is Accelerating the Breakdown That Began a Decade Ago

By Charles Hugh Smith | March 25, 2020 | 0 Comments
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The feedback loop has reversed: by saving more, people will spend, borrow and speculate less, draining the fuel from any broadbased expansion.In eras of confidence and certainty, people save less and spend more freely. When we’re confident that go…

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[Axis of Easy] Got A GPU Crypto-Miner? Repurpose It To Help Fight The Coronavirus

By Mark E. Jeftovic | March 25, 2020 | 0 Comments
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Weekly Axis Of Easy #138 Last Week’s Quote was  “There are decades when nothing happens, and then are weeks when decades happen”,  I thought it was Lenin, but it turns out it could be apocryphal. James Candon was first with Lenin, but Luke McCarthy dispelled the assumption. We’re awarding it to both of them.  This Week’s […]

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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.