To fully understand the Eurozone’s financial-debt crisis, we must dig through the artifice, obfuscation and propaganda to the real dynamics of Europe’s “new feudalism,” the Neocolonial-Financialization Model.
Forget “austerity”and political th…
Tag Archive for Hugh Smith
Charles Hugh Smith, Contributors- Economic and Financial, Must Read
What is Wealth -Charles Hugh Smith
by Charles Hugh Smith • • 0 Comments
We all think we know what wealth is, but sometimes the “obvious” misses the mark.
Asking “what is wealth?” seems needless because we all know what wealth is: never having to work again, endless leisure, endless consumption of the “good th…
Charles Hugh Smith, Contributors- Economic and Financial, Must Read
Feedback, Unintended Consequences and Global Markets- Charles Hugh Smith
by Charles Hugh Smith • • 0 Comments
We cannot know that unintended consequences will always be destructive. Neither models nor projections have accurate track records in predicting the future.
It seems an appropriate time to re-examine why our ability to predict the future of co…
Charles Hugh Smith, Contributors- Economic and Financial, Must Read
That Which is Unsustainable Will Go Away: Medicare
by Charles Hugh Smith • • 0 Comments
Medicare is an example of an unsustainable system that will go away in the decade ahead.
Here are the sobering facts about the number of workers and those drawing Social Security, Medicare and Medicaid entitlements in the U.S. While the g…
Charles Hugh Smith, Contributors- Economic and Financial, Must Read
That Which is Unsustainable Will Go Away: Pensions – Updated
by Charles Hugh Smith • • 0 Comments
Publicly funded pensions and Medicare are two examples of unsustainable systems that will go away in the decade ahead. Today we look at pensions, tomorrow we examine Medicare.
One of the few things we know with certainty is that which is unsus…
Charles Hugh Smith, Contributors- Economic and Financial, Must Read
A Crazy Idea That Might Just Work: Greece’s New Currency, the U.S. Dollar
by Charles Hugh Smith • • 0 Comments
There is an undeniable internal logic to the crazy idea that Greece should jettison the euro and accept the U.S. dollar as its national currency.
Before you dismiss my crazy idea out of hand, hear me out. It might not be as crazy as it se…
Charles Hugh Smith
Debt Serfdom in One Chart
by Charles Hugh Smith • • 0 Comments
Reposted with the kind permission of Charles Hugh Smith Follow the money. Find the profits!Liquidity is money. Regardless of where in the world that money originates, eventually it flows to and through Wall Street. So if you want to know the direction of the next big moves in stocks and bonds, just follow the money.…
Charles Hugh Smith, Contributors- Economic and Financial, Must Read
Future Economy, Future Stability, Future Careers
by Charles Hugh Smith • • 0 Comments
Dissent, feedback, innovation and adaptation are the only sustainable sources of stability, prosperity and well-being.
Reader Michael K. recently asked one of the key questions of the next 20 years:
I would very much like to learn your thoughts…
Charles Hugh Smith, Contributors- Economic and Financial, Must Read
Where’s the Collateral?
by Charles Hugh Smith • • 0 Comments
A sound system of credit is built on collateral. A doomed system of debt sits precariously on phantom collateral.
The global “recovery” is based not on reducing debt but on increasing it. Nice, but where’s the collateral? The basic idea of de…
Charles Hugh Smith, Contributors- Economic and Financial, Must Read
Does Believing in the "Recovery" Make It Real?
by Charles Hugh Smith • • 0 Comments
Basing a “virtuous cycle” on lies and propaganda is self-defeating.
Does believing in the “recovery” make it real? The propaganda policies of the Federal Reserve and the Federal government are based on the hope that you’ll answer “yes.” The en…
