Author: Charles Hugh Smith

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When the herd thunders off the cliff, most participants are trapped in the stampede. One of the most perverse consequences of the central banks saving... [Read More]
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America's problem isn't a lack of deficit spending/consumption. America's problems are profoundly structural. The nice thing about free to me money from any source is the recipients... [Read More]
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Neither small business nor the bottom 90% of households can afford this "best economy ever." After 10 years of unprecedented goosing, some of the real... [Read More]
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A funny thing happens on the way to stabilizing things by doing more of what's failed: the system becomes even more unstable, brittle and fragile. A... [Read More]
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We sense it's now or never, and this can manifest as a mid-life/mid-career crisis. At a reader's request, I'm excerpting an essay from last week's... [Read More]
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Currencies don't melt down randomly. This is only the first stage of a complete re-ordering of the global financial system. Take a look at the... [Read More]
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Currencies don't melt down randomly. This is only the first stage of a complete re-ordering of the global financial system. Take a look at the... [Read More]
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The only possible output of this system is extortion as a way of life. As the accompanying chart shows, productivity in the U.S. has been... [Read More]
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I hate to break it to you, but the everything bubble isn't permanent. OK, I get it–the Bull Market in stocks is permanent. Bulls will be chortling in... [Read More]
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Combine financialization, neoliberalism and moral bankruptcy, and you end up with predatory, parasitic elites. How did our financial and political elites become predatory parasites? Some will... [Read More]
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These charts reflect a linear system that is wobbling into the first stages of non-linear destabilization. The widespread presumption is the U.S. is wealthy beyond... [Read More]
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The uncomfortable reality is all Bull Markets, no matter how lengthy or robust, all expire. As you have undoubtedly heard, the current Bull Market in... [Read More]
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Nothing is as permanent as we imagine–especially super-complex, super-costly, super-asymmetric and super-debt-dependent systems. Check which signs of Imperial decline you see around you: The hubris of... [Read More]
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If you want to preserve your sanity and avoid unhappy derangement, turn off all corporate and social media from now to Thanksgiving. Since elections are... [Read More]
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Nowadays, trade and "prosperity" are dependent on currencies that are created out of thin air via borrowing or printing. So here's the story explaining why... [Read More]
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When the Soviet regime exiled Sakharov in 1980, everybody assumed the USSR was permanent and impregnable to collapse. There are many ironies in the RussiaGate... [Read More]
Tags: USSR - Poor - RussiaGate
Consider how a balanced portfolio yielding balanced returns worked out for middle class retirees in Venezuela. The fantasy that a balanced portfolio yielding ba... [Read More]
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The only way to pay all these future obligations is by creating new money. I've been focusing on inflation, which is more properly understood as... [Read More]
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The only way to pay all these future obligations is by creating new money. I've been focusing on inflation, which is more properly understood as... [Read More]
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Isn't it obvious that those at the top of the wealth-power pyramid don't want us to know how much ground we've lost while they've gorged... [Read More]
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