Reposted with the kind permission of Charles Hugh Smith The essence of debt serfdom is debt rises to compensate for stagnant wages. Real Time Tax…
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…
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…
Reposted with the kind permission of James Howard Kunstler A few weeks ago I flew to Chicago, hopped into a rent-a-car, and navigated my way…
The Dutch Left’s Embrace of the Austerity Suicide Pact: It’s Necessary for the Children!
By William K. Black A remarkable, and terrible, thing has just taken place in the Netherlands of which few Americans are aware. The ruling Dutch political coalition collapsed when the ultra-right wing party (the Freedom Party, led by Geert Wilders) … Continue reading →
The Dutch Left’s Embrace of the Austerity Suicide Pact: It’s Necessary for the Children!
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…
If you just want to suppress the symptoms but leave the financial disease untouched, Delusionol ™ is the drug of choice.
Inside sources are reporting that there’s a new drug of choice circulating in the hallways of power–the White House, Fede…
Issuing debt and printing money do not create wealth. All they can create is a temporary illusion of wealth.
I could have written “if all the money vanishes,” but that would be misleading, for all unbacked money will most certainly vanish into thi…
Peak Oil and Peak Credit do not exist in a vacuum; they’re why we have Peak GDP, Peak Dow and Peak Income.
You don’t get Peak Oil and cheap abundance in everything else: you get Peak X, Y and Z, for example Peak Oil, Peak Dow and Peak GDP. Peaks …
Peak Housing reflects not just a credit bubble but Peak Fraud and Peak Suburbia.
Once again pundits are claiming that housing is “finally recovering.” But they’re overlooking three peaks: Peak Housing, Peak Financial Fraud, and Peak Suburbia, all…
