Thursday, December 24, 2020

Give Yourself a Gift Next Year: Agency

We think we're powerless because we don't have wealth and power over others, but nothing could be further from the truth.

To have agency is to have power over your own life and control of your assets, options and resources. There are a great many things that influence our lives that we do not control, but there are also many things we could influence in our lives but do not.

The conventional view puts great weight on the agency created by money, as an abundance of money enables people to do a number of things that people with little money cannot do: live comfortably in costly locales, buy a larger home, buy a second home, buy a boat, pay for college with cash, pay for expensive medications not covered by insurance, take extended vacations and start enterprises without ceding power to outside investors, to name a few.

Our culture only has eyes for the agency of money, as this narrow band of agency is ceaselessly glorified. Yet what's striking is how little of importance money can buy. Not only can it not buy love, it cannot buy true friendship, trust, affection, community, emotional intelligence, wisdom, skills, purpose, meaning, health, confidence, creativity, conviction, self-discipline, resilience, self-expression, integrity, authenticity, faith or inner security.

What gift would you want for yourself in 2021? Whatever you identify as the gift you'd want to give yourself, the odds of obtaining it improve if you give yourself the gift of agency first. While money is a resource that can leverage certain kinds of agency, it isn't the foundation of agency; the foundations of taking control of one's life are internal.

I wrote an entire book about this process of taking control of one's life: Resistance, Revolution, Liberation: A Model for Positive Change.

My basic credo of liberation:

"I no longer care if the power centers of our society--the distant, fortified castles of our financial feudal system--are changed by my actions, for I am liberated by the act of resistance. I am no longer complicit in perpetuating fraudulent feudalism and the pathology of concentrated power. I no longer covet signifiers of membership in the Upper Caste that serves the plutocracy. I am liberated from self-destructive consumerist-State financialization and the delusion that debt servitude and obedience to sociopathological Elites serve my self-interests."

We think we're powerless because we don't have wealth and power over others, but nothing could be further from the truth. What we all seek are autonomy, mastery and purpose, and the source of all these are within us.

Money can't buy personal integrity or authenticity, and in that sense it cannot buy what matters most. To borrow Kierkegaard's phrase, we cannot use money to acquire ourself. That process cannot be bought at any price, for it is internal, intangible and hidden to all but ourselves.



If you found value in this content, please join me in seeking solutions by becoming a $1/month patron of my work via patreon.com.

My new book is available! A Hacker's Teleology: Sharing the Wealth of Our Shrinking Planet 20% and 15% discounts (Kindle $7, print $17, audiobook now available $17.46)

Read excerpts of the book for free (PDF).

The Story Behind the Book and the Introduction.



Recent Podcasts:

Parallels of the Great Fire of Rome 64 AD to Today (with host Richard Bonugli) (31:40)

AxisOfEasy Salon #34: Reclaiming Capital and Agency


My COVID-19 Pandemic Posts


My recent books:

A Hacker's Teleology: Sharing the Wealth of Our Shrinking Planet (Kindle $8.95, print $20, audiobook $17.46) Read the first section for free (PDF).

Will You Be Richer or Poorer?: Profit, Power, and AI in a Traumatized World
(Kindle $5, print $10, audiobook) Read the first section for free (PDF).

Pathfinding our Destiny: Preventing the Final Fall of Our Democratic Republic ($5 (Kindle), $10 (print), ( audiobook): Read the first section for free (PDF).

The Adventures of the Consulting Philosopher: The Disappearance of Drake $1.29 (Kindle), $8.95 (print); read the first chapters for free (PDF)

Money and Work Unchained $6.95 (Kindle), $15 (print) Read the first section for free (PDF).



Become a $1/month patron of my work via patreon.com.




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Wednesday, December 23, 2020

Our Phantom Middle Class

What happens when America finally admits its middle class is a phantom of feel-good fantasy? We may well find out in the next four years.

Of the many things we cannot bring ourselves to admit, one of the most consequential is that our vaunted middle class is illusory, a phantom of our imagination rather than a reality. The reality is the vast majority of the nation's wealth and income has been diverted from the middle class to those at the pinnacle of the wealth-power pyramid and the technocrat / financier insider class (the top 10%) that serves the interests of those at the pinnacle.

This transfer has accelerated rapidly in the 21st century as virtually all the real income gains of the past 20 years have flowed to the top 0.1%. This RAND study found that America's elites siphoned $50 trillion into their own pockets in the past two generations: Trends in Income From 1975 to 2018. (Please look at the "Fruits of Financialization" chart below.)

The earnings of the top 0.1% grew 15 times faster than the earnings of the bottom 90% (See chart below) as wages' share of the economy continues its 50-year decline.

As for wealth: the top 0.1% own more than the bottom 80% (see chart below) and the top 1% own 40% of all private wealth and the top 10% own 90%.

If the top 10% own 90% of the wealth and has captured virtually all the income gains of the past 20 years, then isn't it obvious America has no middle class? What the traditional middle class--generally defined as the 50% between the bottom 40% and the top 10%--own is debt and a feeble grasp on very thin reeds of capital.

Please ponder the chart below of the $1.7 trillion in student loan debt burdening those who bought the narrative that a college diploma was a passport to the security of the middle class. The debt load carried by those clinging on to aspirations of middle class security is staggering. As I've noted here before, burdening powerless students with uncertain futures with trillions in high-interest debt would have been viewed as criminal two generations ago, but now it's celebrated by those reaping the interest from precariat debt-serfs.

Broadly speaking, the key assets of the middle class are capital and agency, with capital being defined as financial, intellectual and social capital that generates income, earned and unearned, and agency defined as control over one's life and options and having a say in public decision-making.

Understood in this way, the 50% between the bottom 40% and the top 10% own precious little income-producing capital and possess very little agency. The political class serves the top 0.1% and only gives lip-service to the PR-worthy convention of a middle class in the form of platitudes. In terms of control over one's options, those claiming middle class status cling to jobs because they need the healthcare insurance coverage provided by the employer, not because the job is rewarding.

As for possessing skills, much of the workforce has few producer skills, as the consumer economy devotes inordinate attention not to producing but to marketing, speculation and complying with counterproductive regulations and bureaucratic file-shuffling.

Once the con of printing trilions of dollars out of thin air dissolves and the nation has to balance its books in the real world, these file-shuffling and speculative skills will no longer generate meaningful income.

The last vestiges of financial security for the middle 50% are pensions and ownership of a home, which is less a real asset and more a call-option on the current housing bubble. This phantom "wealth" is one encounter with reality away from disappearing into the mists of speculative extremes imploding.

As for pensions, these promises on future energy and income gains are only geared for an economy of ever-expanding energy, productivity and production of surplus goods and services. As America has substituted speculation for these real-world gains, pensions are also one encounter with reality away from disappearing into the mists.

The American Dream was based on broad-based access to acquiring capital and agency, access which has narrowed to the top slice of the economic order. Even the top 10% is misleading, as the vast majority of capital and agency are held by the top 1% and to a lesser degree, the top 5%. The actual capital and agency of those below the 5% mark falls off rapidly, effectively reaching near-zero about the 15% mark.

As the chart "wages aren't keeping up" shows, the purchasing power of "middle class" wages has plummeted, meaning less income is available after paying all the big-ticket essential expenses. The Federal Reserve has played a game of lowering interest rates so households can lower their interest expenses by refinancing their mortgages, but this game has ended; interest rates cannot drop any further without entering negative rates, a zone of insolvency for the banking sector.

In other words, the game of creating the illusion of real wage gains is over.

What happens when America finally admits its middle class is a phantom of feel-good fantasy? We may well find out in the next four years.















If you found value in this content, please join me in seeking solutions by becoming a $1/month patron of my work via patreon.com.

My new book is available! A Hacker's Teleology: Sharing the Wealth of Our Shrinking Planet 20% and 15% discounts (Kindle $7, print $17, audiobook now available $17.46)

Read excerpts of the book for free (PDF).

The Story Behind the Book and the Introduction.



Recent Podcasts:

Parallels of the Great Fire of Rome 64 AD to Today (with host Richard Bonugli) (31:40)

AxisOfEasy Salon #34: Reclaiming Capital and Agency


My COVID-19 Pandemic Posts


My recent books:

A Hacker's Teleology: Sharing the Wealth of Our Shrinking Planet (Kindle $8.95, print $20, audiobook $17.46) Read the first section for free (PDF).

Will You Be Richer or Poorer?: Profit, Power, and AI in a Traumatized World
(Kindle $5, print $10, audiobook) Read the first section for free (PDF).

Pathfinding our Destiny: Preventing the Final Fall of Our Democratic Republic ($5 (Kindle), $10 (print), ( audiobook): Read the first section for free (PDF).

The Adventures of the Consulting Philosopher: The Disappearance of Drake $1.29 (Kindle), $8.95 (print); read the first chapters for free (PDF)

Money and Work Unchained $6.95 (Kindle), $15 (print) Read the first section for free (PDF).



Become a $1/month patron of my work via patreon.com.




NOTE: Contributions/subscriptions are acknowledged in the order received. Your name and email remain confidential and will not be given to any other individual, company or agency.

Thank you, Brian M. ($10/month), for your outrageously generous pledge to this site -- I am greatly honored by your support and readership.

 

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Monday, December 21, 2020

Big Media: Selling the Narrative and Crushing Dissent for Fun and Profit

The profit-maximizing Big Tech / Big Media Totalitarian regime hasn't just strangled free speech and civil liberties; it's also strangled democracy.

The U.S. has entered an extremely dangerous time, and the danger has nothing to do with the Covid virus. Indeed, the danger long preceded the pandemic, which has served to highlight how far down the road to ruin we have come.

The danger we are ill-prepared to deal with is the consolidation of the private-sector media and its unification of content into one Approved Narrative which is for sale to the highest bidders. This is the perfection of for-profit Totalitarianism in which dissent is crushed, dissenters punished and billions of dollars are reaped in managing the data and content flow of the one Approved Narrative.

So don't post content containing the words (censored), (censored) or (censored), or you'll be banned, shadow-banned, demonetized, demonized and marginalized. Your voice will be erased from public access via the Big Media platforms and you will effectively be disappeared but without any visible mess or evidence--or recourse in the courts.

That's the competitive advantage of for-profit Totalitarianism--no legal recourse against the suppression of free speech and dissent. And if you're shadow-banned as I was, you won't even know just how severely your free speech has been suppressed because the Big Tech platforms are black boxes: no one outside the profit-maximizing corporation knows what its algorithms and filters actually do or exactly what happens to the disappeared / shadow-banned.

Shadow-banning is an invisible toxin to free speech: if you're shadow-banned, you won't even know that the audience for your posts, tweets, etc. has plummeted to near-zero and others can no longer retweet your content. You only see your post is online as usual, because this is the whole point of shadow-banning: you assume your speech is still free even as its been strangled to death by Big Tech black box platforms.

Since Andy Grove's dictum only the paranoid survive is my Prime Directive, I've paid a bit more to have access to server traffic data. So I can pinpoint precisely when I was shadow-banned: my overall traffic fell off a cliff and the number of readers visiting from links on Big Tech platforms fell from thousands to near-zero.

The new consolidated Big Media Totalitarians play an interesting game of circular sources: in the traditional, now-obsolete / suppressed form of journalism, a reporter would be required to identify a minimum of three different sources for the story, and make at least a desultory effort to present two sides of the issue.

That model is out the window in the USSA's Big Media Totalitarian regime. Now reporters only have to use a completely bogus, fabricated source in another Big Media story. Just being in another Big Media platform / publication is now "proof" that the source is legitimate.

In other words, investigative journalism is nothing but a Potemkin Village of circular sources conjured out of thin air by Big Media. Here's an example from my own experience of being shadow-banned.

1. A completely bogus organization pops up out of nowhere and doesn't bother identifying its owners, managers or sources.

2. This complete travesty of a mockery of a sham fabrication then issues a list of websites which it claims, with zero evidence, are stooges / outlets of Russian propaganda.

3. With zero investigation of this slanderous, evidence-free "source," the venerable Washington Post (owned by Jeff Bezos) publishes an evidence-free hit piece glorifying this fabrication on Page One.

4. The other Big Media giants then amplify the bogus slander because it came from a "legitimate source," the Washington Post.

Do you understand how circular sourcing works now? Once a flagrantly bogus bit of propaganda is embraced by one Big Media giant as part of the Approved Narrative, then every other Big Media / Big Tech corporation promotes the fabrication as "real news" even as it is obviously the acme of "fake news", a complete fabrication.

The fake "source" was called PropOrNot, and the list included dozens of well-respected independent websites, all slandered with a completely fake accusation for one reason: each site had published some content that cast a skeptical eye on the crowning of Hillary Clinton in 2016 and the crushing of Bernie Sanders' campaign by Big Media's Approved Narrative.

As long as you post videos of kittens and kids dancing, you're OK because your content (owned and controlled by the platform you posted it on--read the terms of Service) is free to the platforms and they use your content to "engage" users which generates billions in profits.

But if you question the Approved Narrative, you put a big day-glo target on your back. Now if you're a multi-millionaire, you know, a top 0.1% per-center, you can afford to keep posting dissenting views even after you've been demonetized and your income falls to near-zero.

The rest of us aren't quite so privileged. This is another of the toxic elements in Big Media / Big Tech's consolidated control of what was once known as free speech: They don't have to ban your content outright, which might cause a few ripples of tame protest; all they have to do is starve you into submission by strangling your source of income.

Thanks to watertight terms of service, even a multi-millionaire is legally powerless against the USSA's Big Media Totalitarian regime. By posting content, you already gave away all your rights. So you can go solo and post content on some obscure corner of the web that no one knows exist, but that's the functional equivalent of being banned and demonetized.

So go right ahead and enter a sound-proof box and scream your head off; nobody can hear you. Welcome to the totally privately owned, legally untouchable Big Tech / Big Media Totalitarian regime that will let you know what's in the Approved Narrative because that's all you're allowed to see.

Gordon Long and I cover these topics and many more in our latest video Buying the Narrative (35:41) Since I'd like the video to actually be viewed more than 11 times, I avoided using the terms (censored), (censored) or (censored), and that's the final fatal poison delivered by our profit-maximizing Big Tech / Big Media Totalitarian regime: self censorship. You know what you can't say, so don't say it. Stick with the kitten videos and you'll be just fine.

You'll be just fine but you no longer live in a functioning democracy. The profit-maximizing Big Tech / Big Media Totalitarian regime hasn't just strangled free speech and civil liberties; it's also strangled democracy.

It's all fun and games until the pendulum of Totalitarian Consolidation and its Approved Narrative reaches an extreme (like, say, right now) and the pendulum swings back to an equal extreme at the other end of the spectrum. Keep in mind that hubris and money are no match for history: the more powerful you claim to be, the greater your fall. The way of the Tao is reversal.

Welcome to the U.S.S.A.'s Banquet of Consequences (December 8, 2020)







If you found value in this content, please join me in seeking solutions by becoming a $1/month patron of my work via patreon.com.

My new book is available! A Hacker's Teleology: Sharing the Wealth of Our Shrinking Planet 20% and 15% discounts (Kindle $7, print $17, audiobook now available $17.46)

Read excerpts of the book for free (PDF).

The Story Behind the Book and the Introduction.



Recent Podcasts:

Parallels of the Great Fire of Rome 64 AD to Today (with host Richard Bonugli) (31:40)

AxisOfEasy Salon #34: Reclaiming Capital and Agency


My COVID-19 Pandemic Posts


My recent books:

A Hacker's Teleology: Sharing the Wealth of Our Shrinking Planet (Kindle $8.95, print $20, audiobook $17.46) Read the first section for free (PDF).

Will You Be Richer or Poorer?: Profit, Power, and AI in a Traumatized World
(Kindle $5, print $10, audiobook) Read the first section for free (PDF).

Pathfinding our Destiny: Preventing the Final Fall of Our Democratic Republic ($5 (Kindle), $10 (print), ( audiobook): Read the first section for free (PDF).

The Adventures of the Consulting Philosopher: The Disappearance of Drake $1.29 (Kindle), $8.95 (print); read the first chapters for free (PDF)

Money and Work Unchained $6.95 (Kindle), $15 (print) Read the first section for free (PDF).



Become a $1/month patron of my work via patreon.com.




NOTE: Contributions/subscriptions are acknowledged in the order received. Your name and email remain confidential and will not be given to any other individual, company or agency.

Thank you, Dottie & Stan S. ($100), for your outrageously generous contribution to this site -- I am greatly honored by your support and readership.

 

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Friday, December 18, 2020

What Would Happen If the Fed Ceased to Exist?

Extremes get more extreme until risk breaks out; then the reversal will be as extreme as the bubble expansion.

What would happen if the Federal Reserve ceased to exist? We all know the answer: global markets would instantly collapse and the global financial system, now entirely dependent on Fed stimulus, intervention, manipulation, free money for financiers and endless printing of trillions of dollars out of thin air, would crash, leaving nothing but a steaming, fetid pile of corruption infested by the cockroaches scurrying around gobbling up the few crumbs left.

What would happen if the Federal Reserve ceased to exist? The Treasury would sell its bonds on the open market, where buyers and sellers would set the yield on the bonds. Private banks would take deposits and lend money at rates set by supply and demand.

We all know what would happen: yields and interest rates would explode higher in response to risk having to be priced in and every flimsy, worm-eaten enterprise that depended on zero-interest rates would collapse in a heap and every putrid, staggering zombie corporation would crumble to dust, and its phantom assets, illusions generated solely by the artificial spew of the Fed, would fall to their real value, i.e. near zero.

Let's modify the question slightly: what would happen if the Fed's policies stopped working? In other words, what if the Fed's spew no longer created the illusion of risk-free gambling in bubble-valuation assets? What if risk raised its Gorgon-like head despite every intervention, every manipulation, and every foul burp of propaganda from the Fed?

Please glance at this chart of the delusional faith in incremental change. The faith in the Fed's omnipotence that magically reduces the perception of risk to zero is ultimately a faith in incremental change: the Fed tweaks the dials of bond purchases and its spew of free money for financiers, and voila, risk is banished and risk assets get another rocket booster.

Alas, risk cannot be banished, it can only be transferred to others. The Fed's endless spew and its constant tinkering with incremental adjustments have created a delusional faith that these tweaks will work forever and ever.

All that's actually happened is the Fed's spew has transferred the skyrocketing risks generated by its policies to the entire economy. The economy has been capacious enough to absorb the astronomical risks generated by Fed policies, but the economy has been stuffed to the gills with Fed-generated risk, and now the bursting of the risk bubble is upon us.

Put another way, there's no closets left to hide the risk in. Now the risk will escape the Fed's rusting, hubris-soaked chains and decimate the financial sector, which is now the dominant force in the economy. Once the delusions of no-risk gambling and phantom valuations implode, the real economy with undergo a devastating cold turkey withdrawal from the Fed's malevolent spew of free money for financiers masquerading as "stimulus."

Extremes get more extreme until risk breaks out; then the reversal will be as extreme as the bubble expansion. Delusions, illusions, phantoms of value: these are not real. Want to know what's real? Risk.







If you found value in this content, please join me in seeking solutions by becoming a $1/month patron of my work via patreon.com.

My new book is available! A Hacker's Teleology: Sharing the Wealth of Our Shrinking Planet 20% and 15% discounts (Kindle $7, print $17, audiobook now available $17.46)

Read excerpts of the book for free (PDF).

The Story Behind the Book and the Introduction.



Recent Podcasts:

Parallels of the Great Fire of Rome 64 AD to Today (with host Richard Bonugli) (31:40)

AxisOfEasy Salon #34: Reclaiming Capital and Agency


My COVID-19 Pandemic Posts


My recent books:

A Hacker's Teleology: Sharing the Wealth of Our Shrinking Planet (Kindle $8.95, print $20, audiobook $17.46) Read the first section for free (PDF).

Will You Be Richer or Poorer?: Profit, Power, and AI in a Traumatized World
(Kindle $5, print $10, audiobook) Read the first section for free (PDF).

Pathfinding our Destiny: Preventing the Final Fall of Our Democratic Republic ($5 (Kindle), $10 (print), ( audiobook): Read the first section for free (PDF).

The Adventures of the Consulting Philosopher: The Disappearance of Drake $1.29 (Kindle), $8.95 (print); read the first chapters for free (PDF)

Money and Work Unchained $6.95 (Kindle), $15 (print) Read the first section for free (PDF).



Become a $1/month patron of my work via patreon.com.




NOTE: Contributions/subscriptions are acknowledged in the order received. Your name and email remain confidential and will not be given to any other individual, company or agency.

Thank you, Mary G.-H. ($5/month), for your magnificently generous pledge to this site -- I am greatly honored by your support and readership.

 

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Thursday, December 17, 2020

When Social Capital Becomes More Valuable Than Financial Capital

This devaluation of financial wealth--and its transformation to a dangerous liability-- will reach extremes equal to the current extremes of wealth-income inequality.

Financial capital--money--is the Ring that rules them all. But could this power fall from grace? Continuing this week's discussion of the idea that that extremes lead to reversions, let's consider the bedrock presumption of the global economy, which is that money is the most valuable thing in the Universe because the owner of money can buy anything, as everything is for sale. The only question is the price.

Reversion to the mean is a statistical dynamic but it is also a human social dynamic: for example, once the social / financial / political pendulum reaches Gilded Age extremes of wealth/income inequality, the pendulum swings back. The more extreme the inequality, the greater the resulting extreme at the other end of the pendulum swing.

In the heyday of the postwar boom in the early 1960s, finance--banks, lending, mortgages, loans, investment banking, derivatives, futures, FX, all financial market trading, research firms, hedge funds, mutual funds, etc.--was about 5% of the economy. It now exceeds 20% of the economy, and its actual role and impact is much larger than 20%. Finance is now the dominant force in the economy in terms of wealth creation and influence.

(This parallels healthcare, which went from less than 5% of the economy to 20% in the same time span.)

While finance creates some jobs, it is essentially extractive: it produces no goods, it extracts wealth from the goods-producing economy via debt and speculation.

Thus a reversion that reduces finance back to 5% of the economy can be expected. How will this reversion to a much more constrained and modest role in the economy play out?

There is much to be said about such a complex and consequential process, but today I want to focus on one potential dynamic: the idea that social capital--our connections and loyalties to groups and other people--will become more valuable than financial wealth, i.e. "money."

The past 45 years can be characterized as the ascendance of finance: finance rules everything. Most people would say this has been true for all of human history, but it isn't quite so simple.

In many instances, loyalties, membership and devotion to causes far outweigh the influence of money. In periods of severe labor shortage, labor has more value that money, in the sense that labor sets the price of labor rather than capital setting the price.

This article caught my eye a few weeks ago: The Rich in New York Confront an Unfamiliar Word: No The pandemic is causing inequality to soar, but increasingly the privileged are discovering that they can't bend the world to their will.

The wealthy are accustomed to buying whatever they want with money, and the possibility that there might be limits on the power of money is shocking to them.

These limits might take political forms such as regulatory limits on what wealth can buy, they might take financial forms such as bans on certain speculative skims, and they might also take social forms, where people refuse to provide some good or service for cash because they've been reserved for family, friends or exchanges within trusted networks where membership cannot be purchased at any price.

Here is a simple example. Let's say I have an in-law unit adjacent to my house. It's been promised to a family member, and so when a prospective tenant offers me $1,000 a month to rent it, I decline.

In the unmoored, soulless world ruled by money, the prospective tenant reckons the "problem" (my refusal) can be solved with more money. So he offers me $1,500 a month. I decline, because the bonds of family are more important and valuable than a few more dollars.

The "problem" for the wealthy isn't money; the "problem" is that social ties, obligations and commitments are more valuable and binding than money.

The wealthy assume that "everyone has a price," a truism proven by Jeffery Epstein, who bought his way into Harvard, MIT, etc. with bundles of cash.

But as the status quo unravels, the wealthy will discover that not everyone can be bought. Indeed, accepting a big bribe might terminate all sorts of much more valuable connections.

Thus it seems likely to me that social capital--our connections, loyalties, memberships, obligations and bonds--will become more valuable and financial capital will become not only less valuable, but an actual liability--a "Mark of the Beast" if you will.

This devaluation of financial wealth--and its transformation to a dangerous liability-- will reach extremes equal to the current extremes of wealth-income inequality: in other words, an extremely-extreme extreme in which trying to buy what cannot be bought will be the path to a poverty unlike any other.

A reversal of this magnitude is considered "impossible." We'll see.



If you found value in this content, please join me in seeking solutions by becoming a $1/month patron of my work via patreon.com.

My new book is available! A Hacker's Teleology: Sharing the Wealth of Our Shrinking Planet 20% and 15% discounts (Kindle $7, print $17, audiobook now available $17.46)

Read excerpts of the book for free (PDF).

The Story Behind the Book and the Introduction.



Recent Podcasts:

Parallels of the Great Fire of Rome 64 AD to Today (with host Richard Bonugli) (31:40)

AxisOfEasy Salon #34: Reclaiming Capital and Agency


My COVID-19 Pandemic Posts


My recent books:

A Hacker's Teleology: Sharing the Wealth of Our Shrinking Planet (Kindle $8.95, print $20, audiobook $17.46) Read the first section for free (PDF).

Will You Be Richer or Poorer?: Profit, Power, and AI in a Traumatized World
(Kindle $5, print $10, audiobook) Read the first section for free (PDF).

Pathfinding our Destiny: Preventing the Final Fall of Our Democratic Republic ($5 (Kindle), $10 (print), ( audiobook): Read the first section for free (PDF).

The Adventures of the Consulting Philosopher: The Disappearance of Drake $1.29 (Kindle), $8.95 (print); read the first chapters for free (PDF)

Money and Work Unchained $6.95 (Kindle), $15 (print) Read the first section for free (PDF).



Become a $1/month patron of my work via patreon.com.




NOTE: Contributions/subscriptions are acknowledged in the order received. Your name and email remain confidential and will not be given to any other individual, company or agency.

Thank you, DMT ($50), for your magnificently generous contribution to this site -- I am greatly honored by your steadfast support and readership.

 

Thank you, Isaac S. ($10), for your most generous contribution to this site -- I am greatly honored by your support and readership.

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This section covers disclosures on the General Data Protection Regulation (GDPR) for users residing within EEA only. GDPR replaces the existing Directive 95/46/ec, and aims at harmonizing data protection laws in the EU that are fit for purpose in the digital age. The primary objective of the GDPR is to give citizens back control of their personal data. Please follow the link below to access InvestingChannel's General Data Protection Notice.
https://stg.media.investingchannel.com/gdpr-notice/

Notice of Compliance with The California Consumer Protection Act

This site does not collect digital data from visitors or distribute cookies. Advertisements served by a third-party advertising network (Investing Channel) may use cookies or collect information from visitors for the purpose of Interest-Based Advertising. If you do not want any personal information that may be collected by third-party advertising to be sold, please follow the instructions on this page: Do Not Sell My Personal Information.

Regarding Cookies:

This site does not collect digital data from visitors or distribute cookies. Advertisements served by third-party advertising networks such as Investing Channel may use cookies or collect information from visitors for the purpose of Interest-Based Advertising; if you wish to opt out of Interest-Based Advertising, please go to Opt out of interest-based advertising (The Network Advertising Initiative) If you have other privacy concerns relating to advertisements, please contact advertisers directly.

Our Commission Policy:

Though I earn a small commission on Amazon.com books and gift certificates and gold (BullionVault) purchased via links on my site, I receive no fees or compensation for any other non-advertising links or content posted on my site.

Copyright Notice:

All original images (Drawings and Photographs), text (essays, books and works of fiction), audio and video recordings, musical compositions, graphic design, graphic design elements and HTML coding on this site are the copyrighted work of Charles Hugh Smith unless otherwise credited or noted. They are published as information for the private use of site visitors, and any reproduction or redistribution of this content or coding in any media in any format or distribution channel (text, audio, video/film, web) without the written permission of the copyright holder is strictly prohibited. All rights in all media reserved globally.

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