Has California Lost The Mandate of Heaven?

At that point, it’s too late: there’s no bid for overpriced decaying bungalows, overpriced tech stocks, etc. In Chinese history, natural disasters were viewed as portents that the The Mandate of Heaven (tianming or “Heaven’s will”) had been withdrawn from the ruling dynasty. Broadening this concept a bit to regional dominance and power, […]

Will MMT Work as Intended, Or Will It Trigger the Collapse of “Money”?

MMT is presented as the solution to the “problem” of insufficient government funding, but that’s not the real problem. Modern Monetary Theory (MMT) is presented as a means to painlessly fund the large-scale infrastructure / alternative energy spending the nation needs to rebuild and modernize. While most people support the goal […]

Recent Interviews on a Variety of Topics

Here’s a list of recent interviews. Since I do a lot of interviews and don’t always post them in a timely manner, here’s a list of recent interviews: X22 Spotlight: There Are Cycles In The World, We Are Now At The Stage Where Society Is Now Waking Up KunstlerCast 321 […]

This Is What Worries Me

In this disintegrative phase, people are increasingly indignant if their magical-thinking “solution” is challenged. It’s practically un-American to confess you’re worried. Can-do self-help and cheerfulness are expected, promoted and rewarded. So to say I’m profoundly worried about the state of the nation is to swim against the optimistic zeitgeist. Nonetheless, I’m […]

The Unraveling Quickens

Even if we don’t measure the erosion of intangible capital, the social and political consequences of this impoverishment are manifesting in all sorts of ways. The central thesis of my new book Will You Be Richer or Poorer? is the financial “wealth” we’ve supposedly gained (or at least a few of us have […]

Prying Open the Overton Window

If you’re truly interested in finding solutions to humanity’s pressing problems, then start helping us pry open the Overton Window. The Overton Window describes the spectrum of concepts, policies and approaches that can be publicly discussed without being ridiculed or marginalized as “too radical,” “unworkable,” “crazy,” etc. The narrower the Overton Window, the […]

What We’ve Lost

This is only a partial list of what we’ve lost to globalism, cheap credit and the Tyranny of Price which generates the Landfill Economy. A documentary on the decline of small farms and the rural economy in France highlights what we’ve lost in the decades-long rush to globalize and financialize […]

Welcome to the USSR: the United States of Suppression and Repression

We’re all against “fake news,” right? Until your content is deemed “fake news” in a “fake news” indictment without any evidence, trial or recourse. When propaganda is cleverly engineered, people don’t even recognize it as propaganda: welcome to the USSR, the United States of Suppression and Repression. The propaganda in the […]

Economic Decay Leads to Social and Political Decay

If we want to make real progress, we have to properly diagnose the structural sources of the rot that is spreading quickly into every nook and cranny of the society and culture. It seems my rant yesterday (Let Me Know When It’s Over) upset a lot of people, many of whom felt […]

Let Me Know When It’s Over

Maybe it’s my cheap seat or my general exhaustion, but the whole staged spectacle is beyond tiresome; I’ve had my fill. Let me me know when it’s over: yes, all of it: the impeachment, the trade dispute with China, U.S. involvement in Syria, the manic stock market rally and the 2020 […]

The Ultimate Heresy: Technology Can’t Fix What’s Broken

Technology can’t fix what’s broken, because what’s broken is our entire system.. The ultimate heresy in today’s world isn’t religious or political: it’s refusing to believe that technology can not only solve all our problems, it will do so painlessly and without any sacrifice. Anyone who dares to question this orthodoxy […]

America 2019: Even the Wealthy Are Poorer in Everything That Matters

The price we’re paying to keep our heads above water steepens while the pay-off is dropping off a cliff. A good friend related a story that goes directly to the heart of what’s broken in our way of life. My friend went to a reunion in Silicon Valley attended by the […]

Will the Clintons Destroy the Democratic Party?

History is full of ironies, and perhaps it will suit the irony gods for The Donald to take down the Republican Party and the Clinton dynasty to destroy the Democratic Party. Let’s start by stipulating my bias: I would cheer the collapse of both self-serving, venal political parties, which have stood […]

Our Time/Labor Is Finite, But Money Is Infinite

Once we understand this mechanism, we understand that labor can never get ahead. I’ve been pondering a comment longtime correspondent Drew P. emailed me in response to my post, What’s Holding Up the Market?: “Our time/labor is finite, but money is infinite.” Drew explained that creating new fiat currency and injecting it into […]

What’s Holding Up the Market?

The Fed’s nearly free money for financiers policies in support of the Super-Rich do not exist in a vacuum–the disastrous consequences are already baked in. What’s holding up the U.S. stock market? The facile answer is the Federal Reserve (“the Fed has our back,” “don’t fight the Fed,” etc.) but this doesn’t actually […]

Democracy Is Now a Hindrance to the Imperial State

Democracy is the coat of paint applied for PR purposes to the Imperial State. If we step back from the histrionics of impeachment and indeed, the past four years of political circus, we have to wonder if America’s democracy is little more than an elaborate simulation, a counterfeit democracy that matches […]

Could Pricey Urban Meccas become Crime-Ridden Ghost Towns?

As the exodus gathers momentum, all the reasons people clung so rabidly to urban meccas decay. If there is any trend that’s viewed as permanent, it’s the enduring attraction of coastal urban meccas: despite the insane rents and housing costs, that’s where the jobs, the opportunities and the desirable urban culture […]

So Sorry, Your Karma Ran Over Your Dogma

When dogmas lose their grip on believers, they collapse in spectacular fashion. Karma covers a lot of ground, but it boils down to consequences: consequences not just from your actions but from your convictions, schemes, obsessions, and yes, dogmas. The reason why Karma runs over Dogma is that nobody clinging to a […]

Pets Are Now as Unaffordable As College, Housing and Healthcare

Like so many other things that were once affordable, owning pets is increasingly pricey. One of the few joys still available to the average household is a pet. At least this is what I thought until I read 5 money-saving tips people hate, which included the lifetime costs of caring for a […]

Here’s How We Are Silenced by Big Tech

This is how they silence us: your content has been secretly flagged as being “unsafe,” i.e. “guilty of anti-Soviet thoughts;” poof, you’re gone. Big Tech claims it isn’t silencing skeptics, dissenters and critics of the status quo, but it is silencing us. Here’s how it’s done. Let’s start with Twitter. Twitter […]