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oftwominds-Charles Hugh Smith

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Posts

This Polycrisis Is Unique

Paging Nostradamus: You Have a Margin Call

Iran, En-Lai, Napoleon, Mike Tyson and Model Collapse

Perverse Incentives Have Created a Runaway Media Monster

Things Change

The War

The Decay of our Quality of Life No Longer Aligns with the Narrative

How We Got Here: Moral Flexibility Leads to Moral Decay

Money Is Funny That Way: The Case for USD Supremacy

What Defines a "Good Economy"? Social Mobility and Not Losing Ground

Small Business in the TINA Economy: Competing for the Scraps

What Few Understand About Money

Self-Employment Series #2: Ownership Is Not Freedom

A Market Crash and Recession Are Bullish, Not Bearish

The Banality of Evil and Those Who Said No

Re-Set: Reversing the Debt-Debasement Death-Spiral

Owning Your Work in a World That Rents Your Life

Power and Impunity

The US Economy in a Nutshell: A Few Winners, Everyone Else Loses Ground

Why the Next Recession Will Be the Catalyst for Depression

The Fatal Limits of the Technocrat Class

The Epic Struggle Just Ahead

Lessons from China's Cultural Revolution

Narrative Control Made Easy: Us versus Them

Why Is Everything Such a Hot Mess?

The Perverse Incentives Dominating Our Lives

We Can Discern Cycles and Waves, But Not the Outcomes

Channeling Napoleon and Chou En-Lai

Pretense, Staging, Expediency: the "Solutions" That Implode the Whole Shebang

Everyone's a Lender Now: Shadow Banking USA

The Good News Is People Are Realizing We're On Our Own

My Christmas Letter

Insane Financial Imbalances and Social Revolution

All the Dominant Models Are Collapsing

The Wile E. Coyote Insight: What We "Know" Is More Dangerous Than the Unknown

The Perilous Journey Ahead

How We Fail: The Empire Is Forever

Why We Fail

Greed, Centralization, Monopoly, Ruin

Model Collapse: The Entire Bubble Economy Is a Hallucination

Why Healthcare Is in a Death Spiral: Follow the Money

24 Things I'm Grateful For

A Stoic's Thanksgiving Gratitude

The Middle Class Is Cracking

Is AI a Catalyst for Growth--or For Collapse?

What We've Lost

Inequality Then and Now: Now It's Too Late

Did the "Solution" Solve the Problem, Or Did It Just Make Somebody Rich?

The Risk of AI Isn't Skynet

The Inevitable Drift Down from "Can't Lose" Owning Stocks to "Can't Win"

Yes, Everything Crashed--Just Not For You

The Revolution Trilogy

Anatomy of AI Cold Turkey

ZIRP or ZAP? Will the Fed's 'Zero-Interest Rate Policy' Return, and Will It Work?

Could a Rip-Your-Face-Off Rally in the Dollar Trigger a Global Financial Crisis?

The Crisis and Revolution Hidden in Plain Sight

If We Measured the Economy by Quality-of-Life Instead of GDP, We'd Be In a Depression

The Year When Everything Happens in No Particular Order

The True Meaning of Stoicism

Look Out Below

The Golden Age of Spectacle

Will AI Crash the Economy?

Price Doesn't Reflect Value, and We're Paying a Steep Price for Confusing the Two

Can Social Security Be Saved for Future Generations?

Money, Credit, Growth and Depression: It's Complicated

Is This the Last Bubble?

The Moral Decay of Debt

Precarity and the Point of No Return

"Upgrade Now" To Get What Was Previously Included At No Extra Charge

The Garbage Time of History Is Global

Entitled, Demanding--and Shunned

Labored Daze