Silver as an investment

Category Archives: Capital

We’re Living In The Age Of Capital Consumption

Authored by Ronald-Peter Stöferle via The Mises Institute, When capital is mentioned in the present-day political debate, the term is usually subject to a rather one-dimensional interpretation: Whether capital saved by citizens, the question of capital reserves held by pension funds, the start-up capital of young entrepreneurs or capital gains taxes on investments are discussed – […]

The Endgame Of Financialization: Stealth Nationalization

Authored by Charles Hugh Smith via OfTwoMinds blog, This is the new model of nationalization: central banks control the valuation of private-sector assets without actually having to own them lock, stock and barrel. As you no doubt know, central banks don't actually print money and toss it out of helicopters; they create a digital liability […]

Mr. Kunstler Comes To Trumpville: “To Me, It Was A Very Ominous Sight”

Authored by James Howard Kunstler via Kunstler.com, I took advantage of the calm before the storm, to pay a visit on Saturday to my hometown, Trumpville, a.k.a. Manhattan. My college buddy had a son who was acting in an off-Broadway play (closing night, so don’t bother asking). The city I knew as a kid — […]

Financialization & The Destruction Of The Real Economy

Authored by Charles Hugh Smith via OfTwoMinds blog, Strip an economy of capital, productive incentives, talent and yes, ethics, and what are we left with? An economy spiraling toward an inevitable collapse. Financialization is destroying the real economy, but few in power seem to notice or care. The reason why is painfully obvious: those in […]

Consumerism ‘Softens’ The Reality Of Powerlessness

Authored by Charles Hugh Smith via OfTwoMinds blog, Consumerism is a simulacrum of real economic agency. There is perhaps no better metric of class in America than personal power–what is known as agency: the power to influence or transform one's circumstances in a a self-directed manner. Those with agency have power, those without agency (or […]

The Death Spiral Of Financialization

Authored by Charles Hugh Smith via OfTwoMinds blog, Each new policy destroys another level of prudent fiscal/financial discipline. The primary driver of our economy–financialization–is in a death spiral. Financialization substitutes expansion of interest, leverage and speculation for real-world expansion of goods, services and wages. Financial "wealth" created by leveraging more debt on a base of […]

There Is Only One Way Out of Debt-Serfdom: Fanatic Frugality

Authored by Charles Hugh-Smith via OfTwoMinds blog, Debt is serfdom, capital in all its forms is freedom. If we accept that our financial system is nothing but a wealth-transfer mechanism from the productive elements of our economy to parasitic, neofeudal rentier-cartels and self-serving state fiefdoms, that raises a question: what do we do about it? […]

Debt Bomb Ready to Explode: “Nitroglycerin On A Bumpy Road”

In the tense foreign film ‘Wages of Fear,’ the men must gamble with their lives to pay their bills amidst an economic depression, compelled to take a high risk, and high paying job driving nitroglycerin down a long, bumpy road to deliver it to the oil fields to put out larger fires. In the current […]

Trumpism Has Dealt A Mortal Blow To Orthodox Economics And ‘Social Science’

Submitted by Sanjay Reddy via INETEconomics.com, How orthodox economics paved the way for the political shocks of 2016 Grappling with the shock of Donald Trump’s election victory, most analysts focus on his appeal to those in the United States who feel left behind, wish to retrieve a lost social order, and sought to rebuke establishment […]

Militia Prepping For Post-Election Civil Unrest: “Last Chance To Save America From Ruin”

What will happen on election day? Will there be riots, violence or attacks if the results appear to be dubious, or any number of divisive groups take to the streets? What if the election triggers an economic collapse? There are any number of scenarios that could come to life, but it seems clear enough that […]