Category Archives: Recession

Sacrifice for Thee But None For Me

By Charles Hugh Smith Source: Of Two Minds The banquet of consequences for the Fed, the elites and their armies of parasitic flunkies and factotums is being laid out, and there won’t be much choice in the seating. Words can … Continue reading

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An Unprecedented 1,640 CEOs Departed in 2019; Now Execs Are Dumping Stock at Highest Pace Since 2006

By Pam Martens and Russ Martens Source: Wall Street on Parade A rather fascinating picture is emerging that suggests that things were not as rosy in the U.S. economic landscape prior to the pandemic as President Donald Trump and his … Continue reading

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

The Pandemic Is Accelerating Trends That Are Disrupting the Foundations of the Economy

By Charles Hugh Smith Source: Of Two Minds The problem is the economy that’s left has no means of creating tens of millions of jobs to replace those lost as the 1959 economic model collapses. Fundamentally, the economy of 2019 … Continue reading

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If the “Market” Never Goes Down, The System Is Doomed

By Charles Hugh Smith Source: Of Two Minds The reliance on “good news” narratives dooms our financial system and economy to a death spiral once reality breaks through the induced euphoria. “Markets” that never go down aren’t markets, they’re signaling … Continue reading

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Stories Of Economic Despair From America’s Worst Economic Downturn Since The Great Depression Of The 1930s

By Michael Snyder Source: End of the American Dream The economic pain that we are witnessing right now is far greater than anything that we witnessed during the last recession.  U.S. GDP declined by 32.9 percent on an annualized basis … Continue reading

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Why Does It Feel Like We’re in “Life During Wartime”?

By Charles Hugh Smith Source: Of Two Minds The laughably hopeless hope is that by propping up the corpses, the populace will discern some faint flicker of life in the decaying carcasses and return to their free-spending ways. Call it cultural … Continue reading

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A Bigger Picture

By James Howard Kunstler Source: Kunstler.com The Covid-19 virus itself didn’t run the United States into a ditch but it exposed the weakness and rot in the nation’s drive-train, and now all of us passengers on that disabled bus must … Continue reading

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This Is a Financial Extinction Event

By Charles Hugh Smith Source: Of Two Minds The lower reaches of the financial food chain are already dying, and every entity that depended on that layer is doomed. Though under pressure from climate change, the dinosaurs were still dominant … Continue reading

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