A Wobbling Stock Market

A third period of heightened volatility shouldn’t surprise us. Consider this chart of the SPX (S&P 500) over the past two years: take a look at the relative steepness of each of the red lines (rallies), the duration of each rally (purple lines), the blue boxes (volatile spots of bother) and […]

The Road to Hell Is Paved with Virtue-Signaling

The idea that everything will be solved if we borrow a couple more trillion and give it away is the dominant paradigm. Here in the decay phase of Imperial Pretensions, The best lack all conviction, while the worst are full of passionate intensity. It’s a line from Yeats’ poem The Second Coming, and […]

Who Protected Epstein for Decades, and Why?

Or perhaps “Epstein was an intelligence asset” is just a tissue-thin cover for a much more destructive reality: those at the top of the American state have no moral compass at all. Let’s start by stipulating that the Jeffrey Epstein story is so sordid and outlandish that it’s like a […]

The Internal War in the Deep State Claims Its High Profile Casualty: Jeffrey Epstein

The “traditionalist” Neocons are going to have to decide to fish or cut bait. I’ve been writing about the fracturing Deep State for the past five years: Is the Deep State Fracturing into Disunity? (March 14, 2014) Is the Deep State at War–With Itself? (December 14, 2016) Epstein and the Explosive Crisis […]

The Gulag of the Mind

Befuddled and blind, we wander toward the cliff without even seeing it, focusing on our little screens of entertainment and self-absorption. There are no physical barriers in the Gulag of the Mind–we imprison ourselves, and love our servitude. Indeed, we fear the world outside our internalized gulag, because we’ve absorbed the narrative […]

Nothing Is Guaranteed

There are no guarantees, no matter how monumental the hubris and confidence. The American lifestyle and economy depend on a vast number of implicit guarantees— systemic forms of entitlement that we implicitly feel are our birthright. Chief among these implicit entitlements is the Federal Reserve can always “save the day”: the Fed has […]

Main Street Small Business on the Precipice

Small businesses on the precipice need only one small shove to go over the edge, and there won’t be replacements filling the fast-multiplying empty storefronts. As a generality, the average employee (including financial pundits) has no real experience or understanding of what it takes to start and operate a small […]

Why Is What Was Once Affordable to Many Now Only Affordable to the Wealthy?

With these speculative and risk management skills accessible only to the wealthy, no wonder only the wealthy have gained purchasing power in the 21st century. Let’s start with an excerpt from a recent personal account by the insightful energy/systems analyst Ugo Bardi, who is Italian but writes his blog Cassandra’s Legacy in English: Becoming […]

Once “Prosperity” Falters, the Legitimacy of the Status Quo Evaporates

All we’re doing is waiting for the fake “prosperity” to crumble, and the resulting loss of credibility and legitimacy will follow like night follows day. The citizenry of corrupt regimes ruled by self-serving elites tolerate this oppressive misrule for one reason and only one reason: increasing prosperity,which we can define […]

It’s Not Just the News That’s Fake–Everything’s Fake

That we fall for the fakes and cons is understandable, given that’s all we have left in the public sphere. What do we mean when we say corporate media is fake? We mean it’s a carefully crafted con, a set of narratives, cherry-picked data and heavily massaged statistics (the unemployment […]

Our Ruling Elites Have No Idea How Much We Want to See Them All in Prison Jumpsuits

Even the most distracted, fragmented tribe of the peasantry eventually notices that they’re not in the top 1%, or the top 0.1%. Let’s posit that America will confront a Great Crisis in the next decade. This is the presumption of The Fourth Turning, a 4-generational cycle of 80 years that correlates rather […]

The Planetary Insanity of Eternal Economic Growth

This is the fantasy: we can rebuild our entire global industrial society every generation or two forever. “Earthrise” is one of the most influential photographs ever published. Taken on the Apollo 8 mission in late December 1968 by astronaut Bill Anders, it captures Earth’s uniqueness, isolation and modest scale: a blue […]

The Three Ds of Doom: Debt, Default, Depression

“Borrowing our way out of debt” generates the three Ds of Doom: debt leads to default which ushers in Depression. Let’s start by defining Economic Depression: a Depression is a Recession that isn’t fixed by conventional fiscal and monetary stimulus. In other words, when a recession drags on despite massive fiscal and […]

Epstein and the Explosive Crisis of the Deep State

Since the battle is for the legitimacy of the state, it must be waged at least partially in the open. Speculations by outsiders must give Deep State insiders many opportunities to chuckle, “if only they knew.” We don’t know, of course, and public leaks are engineered to misdirect our attention from […]

“Alexa, How Do We Subvert Big Tech’s Orwellian Internet-of-Things Surveillance?”

Convenience is the sales pitch, but the real goal is control in service of maximizing profits and extending state power. When every device in your life is connected to the Internet (the Internet of Things), your refrigerator will schedule an oil change for your car–or something like that–and it will be […]

Predatory “Green Capitalism” Is Monetizing the Air, and It’s Going to Cost You

You want to reduce CO2? Then trigger a global depression that reduces global consumption of everything by 50% and destroys 95% of the phantom wealth owned by the global elites trying to monetize the air. I recently asked What’s Left to Monetize?, and longtime correspondent Mark G. provided the answer: the […]

When Everything from Bat Guano to Quatloos Is Soaring, Speculative Euphoria Has Reached an Extreme

The more extreme the speculative euphoria, the greater the risks of a reversal. One sentence sums up the speculative euphoria gripping markets: January and June of this year are the only months in the last 150 which have seen all assets post a positive total return. (Zero Hedge) When every asset from […]

What’s Left to Monetize?

What’s left to monetize? It appears the answer is “very little.” Advertising has always monetized consumers’ time and attention, what we call engagement today. Newspapers and periodicals publish advertisements, radio/TV networks and stations air adverts, movie theaters run trailers/ads, billboards occupy our mental space while driving and websites and apps post adverts. The more media […]

Vested Interests in Charge = Guaranteed Failure

It boils down to two very simple principles: accredit the student, not the institution and teach every student how to rigorously learn on their own. Vested interests have every incentive to maintain the status quo: specifically, those who currently own the assets, income streams and power will continue to own the assets, income streams […]

America’s Concealed Crisis: Fifty Years of Economic Decline, 1969 to 2019

If we consider the long term, it’s clear America’s economy and society have been declining for the average household for 50 years. What if the “prosperity” of the past 50 years is mostly a statistical mirage for the bottom 80% of households? What if whatever real gains (adjusted for real-world loss […]