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Disrupting The Five Temples Of Power

“What cryptocurrency threatens is the very existence of the nation-state, which will have to pivot quite radically in order to survive the coming onslaught from the blockchain. The resulting institutional framework might look entirely alien once the dust has settled.” – Justin Goro, from “The Great Hard Fork” by Max Borders In the Tikal […]
City Of United Kingdom Baltic Sea Satoshi Nakamoto Justin Goro Central Bank

America Is a Moral Cesspool, and Student Loans Prove It – Investment Watch

If America somehow managed to educate millions of college students without burdening them with $2 trillion in debt in 1993, why is it now “impossible” to do so, even as America’s wealth and gross national product (GDP) have both rocketed higher over the past 27 years? Predators thrive on Americans’ short memories. Student loans in their present scale did not exist prior to 1994. According to the Federal Reserve FRED database, the student loan balance was zero in 1993. From zero in 1993...
United States Charles Hugh Smith Matt Taibbi Free University Higher Education Cartel Federal Reserve

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Big Tech: "Our Terms Have Changed" – Investment Watch

So go ahead and say whatever you want around all your networked devices, but don’t be surprised if bad things start happening. I received another “Our Terms Have Changed” email from a Big Tech quasi-monopoly, and for a change I actually read this one. It was a revelation on multiple fronts. I’m reprinting it here for your reading pleasure: We wanted to let you know that we recently updated our Conditions of Use. What hasn’t changed: Your use constitutes your agreement to our Conditio...
United States Charles Hugh Smith Star Chamber National Security Agency Terms Have Big Tech

Here's Why America's Labor-Shortage Will Drive Inflation Higher

Heres Why Americas Labor-Shortage Will Drive Inflation Higher Published: July 15, 2021 Great swaths of the American workforce are already on strike or slipping away from the dead-end treadmill. Americas labor shortage is complex and doesnt lend itself to the simplistic expectations favored by media talking heads. The Wall Street cheerleaders extol the virtues of "getting America back to work" which is Wall-Street-speak for  getting back to exploiting workers to maximize corporate profits. Lon...
United States Security Administration Pew Research Wall Street Baby Boomers Social Security

Here's Why America's Labor-Shortage Will Drive Inflation Higher – Investment Watch

Great swaths of the American workforce are already on strike or slipping away from the dead-end treadmill. America’s labor shortage is complex and doesn’t lend itself to the simplistic expectations favored by media talking heads. The Wall Street cheerleaders extol the virtues of “getting America back to work” which is Wall-Street-speak for  getting back to exploiting workers to maximize corporate profits. Long-term demographics have combined with cultural changes and Covid-Lockdown ep...
United States Security Administration Pew Research Wall Street Baby Boomers Social Security

The $50 Trillion Plundered from Workers by America's Aristocracy Is Trickling Back – Investment Watch

As I often note here, when you push the pendulum to an extreme of wealth and income inequality, it will swing to the opposite extreme minus a tiny bit of friction. The depth of America’s indoctrination can be measured by the unquestioned assumption that Capital should earn 15% every year, rain or shine, while workers are fated to lose ground every year, rain or shine. And if wages should ever start ticking upward even slightly, then the Billionaires’ Apologists are unleashed to shout that ...
United States Charles Hugh Smith Foreign Affairs Billionaire Apologists Income From Americans Have Taken

Socialists Claim Their System Is Morally Superior. They're Wrong.

In a December 23 article published on mises.org, Lipton Matthews made the compelling case for advocates of free market capitalism to prioritize the moral superiority of capitalism rather than making the case for capitalism’s superior productivity. “Demonstrating the impracticality of socialism is necessary, but is also an ineffective strategy to galvanize goodwill for capitalism, because objections to capitalism are usually predicated on moral grounds,” he wrote. Indeed, in the battle o...
United States Max Krasnow Lipton Matthews Dwightr Lee Harvard University American Enterprise Institute
Source: mises.org

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