America’s financial system is nothing more than a toxic waste dump of speculation, fraud, collusion, corruption and rampant profiteering.
Must Read
Presidents Day: Carter’s Prescient Farewell Address in 1981
by Charles Hugh Smith • • 0 Comments
Regardless of our opinions about President Carter and his legacy, his Farewell Address is worthy of our attention and study.
Must Read
Gains Are Unreal, Losses Are Real
by Charles Hugh Smith • • 0 Comments
Why would anyone sell when further gains are guaranteed? Because the gains are unreal but the losses are real.
Must Read
Debt and the Demise of the Middle Class
by Charles Hugh Smith • • 0 Comments
Unfortunately for those at the top who’ve benefited immensely from speculative bubbles, speculative bubbles don’t create a vibrant middle class–they push what’s left of the middle class off a cliff.
Must Read
Our Fragile, Brittle Stock Market
by Charles Hugh Smith • • 0 Comments
This heavily managed ‘market structure’ is far from equilibrium and extremely prone to instability.
Must Read
Silver Swans, Maginot Lines and the Unforeseen Risks of Collapse
by Charles Hugh Smith • • 0 Comments
Our Nobility’s assessment of risk and their war-gaming of vulnerabilitiesare fatally deficient.
Must Read
The Stock Market, Fatally Wounded by the Truth, Will Stumble and Crash
by Charles Hugh Smith • • 0 Comments
It didn’t have to be this way, but this is the reality we must now face: truth is fatal to fraud, and our entire financial-political system is a fraud.
Must Read
The Democratization / Demonization of Speculation
by Charles Hugh Smith • • 0 Comments
How do you unrig a speculative rigged market? You don’t. It simply crashes into a putrid sinkhole.
Must Read
Everything Is Broken
by Charles Hugh Smith • • 0 Comments
I’d say more about Big Tech but since they’ve ‘privatized totalitarianism’, I fear being ‘digitally disappeared’ if I dare criticize Big Tech.
Must Read
How the Fed Fails
by Charles Hugh Smith • • 0 Comments
The Fed has a binary choice: preserve America’s global hegemony or further enrich the billionaires. You can’t have both. <