None of them provides financial support to Of Two Minds.It’s probably not much of a surprise that once again Of Two Minds failed to secure funding from the CIA, the Soros Foundation, the Russians or indeed any heavyweight at all. The site’s sole s…
The other deflationary pressure is the stagnation of wages for the bottom 90%.Apple’s slumping sales growth in China re-energized discussions on the commoditization of smart phones: the basic idea is that once devices, services, goods, p…
This is the predictable path because it’s the only one that’s politically expedient and doesn’t cause much financial pain until it’s too late to stave off collapse.While many fear a war between the nuclear powers or the breakdown of civil order, I…
The story of the 21st century is debt is soaring while earned income is stagnating for the bottom 95%.Best wishes to all my readers and correspondents for a safe, healthy and productive 2019. Thank you, longstanding supporters, for renewing your f…
These three dynamics render capital increasingly vulnerable to catastrophic losses as backstops and distorted markets fail.The undeniable reality of the 21st century economy is that capital has gained while labor has stagnated. While various criti…
While wages have supposedly gone up 3.4% in 2018, taxes and fees are rising at much higher rates.Here’s a list of tax and fee increases hitting residents of one of the counties I call home; the list includes taxes/fees raised in 2017 and 2018:1. P…
Relying on fakery and addictive stimulus is the acme of fragility and vulnerability.Let’s start with a chart of the S&P 500:Having become addicted to the Federal Reserve’s nearly free money for financiers and the infamous Fed Put, st…
Just in case you missed what’s going on in France: the status quo in Europe is doomed.The status quo has a simple fix for every crisis and systemic problem:1. create currency out of thin air2. give it to super-wealthy banks, financiers and corporations…
Capital garners the gains, and labor’s share continues eroding. That’s the story of the 21st century.The middle class, virtually by definition, is not prepared for downward mobility. A systemic, semi-permanent decline in the standard of living isn…
Fakery is always precarious: the truth about the asymmetries of power might slip out and spread like wildfire.I’ve been writing about neofeudalism and its cousin neocolonialism for seven years:500 Million Debt-Serfs: The European Union Is a Neo-Feudal …