mises.org / John P. Cochran / FEBRUARY 25, 2015
There is a sliver of good news on the central banking front. Given the Fed’s poor performance before and after the 2007–08 financial crisis and Great Recession, and its now recognized 100 year history of failure, at least some members of Congress, even without Ron […]
charleshughsmith.blogspot.com / CHARLES HUGH SMITH / WEDNESDAY, FEBRUARY 04, 2015
When the illusion that the Status Quo can fulfill all its promises to everybody dies, the Status Quo starts the terminal slide to effective collapse.
Of the many lessons we can learn from Greece’s difficult path to rejection of debt-serfdom, the most important is […]
zerohedge.com / by Tyler Durden / 01/29/2015 08:10 -0500
For the first time since October 2009, Germany saw Consumer Price Inflation fall in January. Missing expectations for the 2nd month, Germany’s deflationary 0.5% drop in CPI is the worst deflation since July 2009 and comes just 3 weeks after Europe broadly entered the dreaded deflation […]
charleshughsmith.blogspot.com / CHARLES HUGH SMITH / WEDNESDAY, JANUARY 21, 2015
We are so brainwashed by centralized models of state authority that few can even imagine a system where the solution is not one centralized monstrosity ruled by a political/financial Aristocracy but a competing profusion of opt-in, transparent solutions.
Many readers ask me for solutions to […]
charleshughsmith.blogspot.com / CHARLES HUGH SMITH / TUESDAY, JANUARY 13, 2015
When the citizenry cease to believe the lies, the nation suffers a nervous breakdown.
Last week I used the phrase National Nervous Breakdown without clarifying its meaning. (The War on Our Intuition That Something Is Fundamentally Amiss)
By National Nervous Breakdown I do not […]
charleshughsmith.blogspot.com / CHARLES HUGH SMITH / THURSDAY, JANUARY 08, 2015
What will you accept as real–your intuition that something is deeply amiss in America, or the official propaganda that all is well?
In 1967, the rock group Buffalo Springfield recorded a song titled For What It’s Worth which speaks not just to the late […]
charleshughsmith.blogspot.com / Jeff W. / WEDNESDAY, JANUARY 07, 2015
To question money-printing as the one-size-fits-all solution to every economic problem is to question the power structure of the status quo.
It is tiresomely obvious that we live in an era dominated by the idea that virtually all economic difficulties can be fixed by printing […]
charleshughsmith.blogspot.com / CHARLES HUGH SMITH / THURSDAY, JANUARY 01, 2015
It is clear that we need both practical plans of action for individuals and households and systemic alternatives to the present dysfunctional and doomed status quo.
Occasionally readers inquire about the meaning of this blog’s title, Of Two Minds. There are several answers, but […]
zerohedge.com / by Tyler Durden / 11/12/2014 08:47 -0500
As the West (US and its pressured allies) attempt to ‘isolate’ Russia more and more, the inevitable cornering further and further incentivizes Putin to develop alternatives to the status quo. In the past,western sanctioners have sabre-rattled cutting off Russian from SWIFT – the international inter-bank […]
goldcore.com / By Mark O’Byrne / 20 October 2014
The European status quo and EU elites are becoming increasingly concerned by popular calls in Italy for Italy to leave the European Monetary Union and the euro “as soon as possible” and return to the lira.
Beppe Grillo, the leader of Italy’s […]
zerohedge.com / by Chris Martenson / 09/27/2014 21:04 -0400
~ Walking straight in a hall of mirrors
I have to confess, it’s getting more and more difficult to find ways of writing about everything going on in the world.
Not because there’s a shortage of things to write […]
charleshughsmith.blogspot.com / CHARLES HUGH SMITH / THURSDAY, SEPTEMBER 25, 2014
The incestuous embrace of privilege and power by entrenched, socially isolated Elites characterizes failed states and brittle, doomed regimes throughout history. Every system is optimized to serve a specific purpose. As noted in my recent essay What Metric Are We Optimizing For?, […]
charleshughsmith.blogspot.com / CHARLES HUGH SMITH / MONDAY, AUGUST 25, 2014
The Status Quo is dysfunctional because its model of how the world works is broken.
Much has been written about the dysfunction in Washington D.C. Pundits have been wringing their hands for years over the rise of bitter partisan politics and […]
charleshughsmith.blogspot.com / CHARLES HUGH SMITH / SUNDAY, AUGUST 24, 2014
The Status Quo is desperate to mask the declining fortunes of those who earn income from work, and the Misery Index 2.0 strips away the phony facade of bogus unemployment and inflation numbers.
The classic Misery Index is the sum of unemployment […]
charleshughsmith.blogspot.com / CHARLES HUGH SMITH / WEDNESDAY, AUGUST 13, 2014
The hard limits are hidden, and we will discover them only when it’s too late to modify the self-destructive behavior and policies we’ve pursued as “safe” and “forever.”
Why do hard limits matter? Because we only change when we’ve run up against them. […]
charleshughsmith.blogspot.com / CHARLES HUGH SMITH / WEDNESDAY, JULY 30, 2014
The Fed’s substitution of debt for income has only doomed the nation to a deeper, more painful realignment of real income and expenses. The economic “recovery” has been based on a simple premise: debt can be substituted for income with no ill effects. As real […]
charleshughsmith.blogspot.com / CHARLES HUGH SMITH / MONDAY, JULY 21, 2014
Depending on blowing the next bubble to temporarily prop up the economy is the height of foolhardy shortsightedness. All the conventional policy fixes proposed by Demopublican politicos, technocrats and the vast army of academic/think-tank apparatchiks are the equivalent of slapping a coat of paint on […]
charleshughsmith.blogspot.com / CHARLES HUGH SMITH / MONDAY, JULY 14, 2014
Even if the economy were growing at a faster pace, it wouldn’t come close to offsetting the interest payments on our ever-expanding debt. If you want to know why the Status Quo is unsustainable, just look at interest and debt. These are not difficult to […]