Charles Hugh Smith

The Gathering Storm

The gathering storm cannot be dissipated with propaganda and bribes.July 4th is an appropriate day to borrow Winston Churchill’s the gathering storm to describe the existential crisis that will envelope America within the next decade. Th…

Could Germany Fracture?

All sorts of centralized organizations that appear rock-solid may well melt into air as the disintegrative dynamics gather momentum.Rising political and social discord that is generally being attributed to “populism” may actually be the re-emergence of…

Gresham’s Law and Bitcoin

Rather suddenly, the state issued fiat currency bolivar lost 99% of its purchasing power.Gresham’s law holds that “bad money drives out good money,” meaning that given a choice of currencies (broadly speaking, “money” that serves as a store of val…