Charles Hugh Smith: Beyond Elections — What We Don’t Elect Matters Most: Central Banking and the Permanent Government

What We Don’t Elect Matters Most: Central Banking and the Permanent Government If we avert our eyes from the electoral battle on the blood-soaked sand of the Coliseum and look behind the screen, we find the powers that matter are not elected: our owned by a few big banks Federal Reserve, run by a handful …

Charles Hugh Smith: The New Economy Is LOCAL

Nihilism Embodied: Our Lawless Financial System Deflation of the Citizenry’s Hard Assets Will Be a Huge Buying Opportunity for Insider Power Elites Extorting the “Little Guy”: The Special “Screw You” of Junk Bond Bailouts Fighting and Winning against “Big Everything” Plugging into “Small Everything”: Wake Up and Smell the 3 Cs–Community, Cash, and Coin (Coffee …

Charles Hugh Smith: America Corrupt to the Core — Wall Street Crimes Ignored While Little People Too Easily Jailed

We’re Living the Founding Fathers’ Nightmare: America Is Corrupt to the Core 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. America has plenty of law enforcement, prosecutors and prison cells for those who loot a Whole …

Charles Hugh Smith: The End of Financialization and Globalization

Globalization and Financialization Are Dead, and so Is Everything That Depended on Them Financialization was never sustainable, and neither was the destructive globalization it enabled. Read full article. Phi Beta Iota: Naked short selling, and money laundering, are the two greatest crimes  that Wall Street has perpetuated. Time to end all financial crime. See Also: …

Charles Hugh Smith: Better World Emerging

The Outlines of a Better World Are Emerging The outlines of a better world are emerging, an arrangement that prioritizes something more than maximizing private gain and institutionalizing the corruption needed to protect those gains. We will relearn to live within our means, and relearn how to institutionalize opportunity rather than corruption designed to protect elites. …

Charles Hugh Smith: Killing the Scam Economy — A Good Thing?

What’s Collapsing Can’t Be Saved: Our Fraudulent Economy We’ve reached that point: we can no longer deny the U.S. economy is little more than a grab-bag of skims, scams, fraud and corruption.  Every institution in America is little more than a cover for insider profiteering via skims, scams, rackets, fraud and embezzling schemes, all sanctified as …

Charles Hugh Smith: Coronavirus and the Global Economy — All Posts to Date

Covid-19: Global Retrenchment Will Obliterate Sales, Profits and Yes, Big Tech February 20, 2020 Even before the Covid-19 pandemic, the global economy was slowing for two reasons: 1) everybody who can afford it already has it and 2) overcapacity. One word captures the end-of-the-cycle stagnation: saturation. Big Tech will not be immune to this implosion …