Category Archives: Recession

The Illusion of Getting Rich While Producing Nothing

By Charles Hugh Smith Source: Of Two Minds Of all the mass delusions running rampant in the culture, none is more spectacularly delusional than the conviction that we can all get fabulously rich from speculation while producing nothing. The key characteristic … Continue reading

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The U.S. Economy In a Nutshell: When Critical Parts Are On “Indefinite Back Order,” the Machine Grinds to a Halt

By Charles Hugh Smith Source: Of Two Minds Setting aside the “transitory inflation” parlor game for a moment, let’s look at what happens when critical parts are unavailable for whatever reason, for example, they’re on back order or indefinite back order, i.e. the … Continue reading

Posted in Consumerism, culture, Dystopia, Economics, Empire, Financial Crisis, Labor, Neoliberalism, Recession, Social Control, Social Engineering, society, Sociology, Work | Tagged , , , , , , , , , , , , , , | Leave a comment

How Breakdown Cascades Into Collapse

By Charles Hugh Smith Source: Of Two Minds Maintaining the illusion of confidence, permanence and stability serves the interests of those benefiting from the bubbles and those who prefer the safety of the herd, even as the herd thunders toward … Continue reading

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Freedom Rider: How the billionaires rule

Predatory capitalism has driven down wages and created a dystopia for workers. By Margaret Kimberley Source: Intrepid Report President Calvin Coolidge said, “The business of America is business.” The expression is memorable because it always rang true. But nearly 100 … Continue reading

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Is Inflation “Transitory”? Here’s Your Simple Test

By Charles Hugh Smith Source: Of Two Minds Is inflation “transitory” in your household budget? Really? Where? The Federal Reserve has been bleating that inflation is “transitory”–but what about the real world that we live in, as opposed to the … Continue reading

Posted in culture, Economics, elites, Financial Crisis, Housing Crisis, Inequality, Neoliberalism, news, Oligarchy, Recession, Social Control, Social Engineering, society, Sociology | Tagged , , , , , , , , | 1 Comment

The Future is Hawaii

By Peter Van Buren Source: We Meant Well I have seen the future. It looks a lot like Hawaii. What I saw there (absent the beautiful beaches, confused tourists, and incredible nature) was a glimpse of the future for much … Continue reading

Posted in culture, Dystopia, elites, Empire, Financial Crisis, Health, Housing Crisis, imperialism, Militarization, military spending, Neoliberalism, Oligarchy, police state, Racism, Recession, Social Control, Social Engineering, society, Sociology, State Crime | Tagged , , , , , , , , , , , , , , , | 2 Comments

What “Normal” Are We Returning To? The Depression Nobody Dares Acknowledge

By Charles Hugh Smith Source: Of Two Minds Perhaps we need an honest national dialog about declining expectations, rising inequality, social depression and the failure of the status quo. Even as the chirpy happy-talk of a return to normal floods the airwaves, … Continue reading

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The Top 10%’s Bubble Is About to Burst

By Charles Hugh Smith Source: Of Two Minds When the top 10%’s bubble pops in 2021, the loss of illusions/delusions of security and wealth will be shattering to all those who believed artifice and illusory “wealth” were real. A great … Continue reading

Posted in Corporate Crime, Corruption, culture, Dystopia, Economics, elites, Financial Crisis, Inequality, Neoliberalism, Oligarchy, Recession, Revolution, Social Control, Social Engineering, society, Sociology, State Crime, Technocracy | Tagged , , , , , , , , , , , , , , , | 1 Comment