Interview With Charles Hugh Smith: Why Local Enterprise Is The Solution

Tyler Durden's picture

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anynonmous's picture

tune in to bloomberg tv


good inteviews noon hour

Herd Redirection Committee's picture

double post

"Who's Afraid of the Gold Standard?"

Check out the latest from the Capital Research Institute

"Japan has massive amounts of debt, relative to their GDP, but most of it is owed to the citizens of Japan.  In contrast, much of America’s debt is held by the Japanese gov’t, the Chinese gov’t, and financial institutions all over the world.  The difference is that not only does America still currently have the world reserve currency, their debt is owed in large part to foreigners.  Those two facts could very well create a perfect storm down the road, as foreigners liquidate their Treasuries (US gov’t debt)  and then look to buy tangible goods with the proceeds.   As America does not produce much in the way of goods they are unlikely to see much benefit.  In fact, that the US dollar still serves as reserve currency makes it more likely, IMO, that foreign dollar holders will use their dollars to buy commodities such as oil, wheat, timber, natural gas, copper, silver, and of course, gold.

As a natural consequence, the price of Treasuries would drop, and commodity prices in general would surge higher.  When, well that is any body’s guess..."

bigdumbnugly's picture

Smith is right.

my local Enterprise will pick me up.

potatomafia's picture

Are CHS & Larry David the same person?

That Peak Oil Guy's picture

I recommend anyone interested in urban or suburban food production check out aquaponics.  A relatively small greenhouse and solar power system for it could be an incredible investment for the future.

The info tab on this site is a good place to start the research:


mkkby's picture

"Going local" may be the solution, but only in a parallel universe where big business doesn't control government, and use it to put up legal and regulatory barriers.

I suggest Charles Smith get in touch with reality and find a political solution first.

OpenEyes's picture

Hmmm someone's been reading James Howard Kuntsler!

carbonmutant's picture

A bunch of us have been working on this model.

We have to rebuild from the local level.

whstlblwr's picture

I like it, we need vision for future. This seems right.

DeadFred's picture

We have to keep our fingers crossed. This is the right way to improve things but it's going against some really strong corporatist head winds. Everything TPTB are trying to do is the exact opposite of this.

narnia's picture

the centralized death star has already been built through massive, unsustainable federal, state & local political intervention (through building codes & other legal protections, transportation infrastructure, public works, wars for energy control, and tons of other subsidies).

the questions come down to:  are you vested enough in this beast & its local symbols to ride out the rocky fracture into a series of politically & ethnically diverse independent de-centralized societies... or is the cost of inevitable reform/collapse so overwhelming you are better off searching or creating the next plymouth rock?


MachoMan's picture

Call me a pessimist, but I don't think the natives are gonna go for the small pox blankets and fire water routine again.

Hacked Economy's picture

"...centralized Death Star..."

<chuckle> I like it!  A perfect way to start referring to the Fed.  An overweight behemoth with only one destroy the little people and rob them of their wealth.

And now we picture the image of Ron Paul in a Rebellion flight helmet, zooming toward the trench in his X-wing fighter, torpedo trigger finger ready to go...

malusDiaz's picture

Aye, that we have. Small as our voices are, my dirt digging, gardening, and farming are no small acts.

fuu's picture

I am a big fan of  John Robb and his work on resilient communities.

carbonmutant's picture

There are lot of different way to approach this but from the real estate perspective  "Walkability" is the key. And support your local Farmers markets.

Check your walkscore:

onelight's picture

carbonmutant , you are right -- good to have Charles on board, and many have been working in this area for years, have developed useful ideas and templates, and are too busy building them out to be better known for it.  is just one of many

the whole local enterprise thing will likely become a leading social meme in decade ahead, for all the reasons described -- hopefully it will build up into a better national political economy ..

LawsofPhysics's picture

Yes, but a localized economy is not something the NWO will permit.  Moreover, it eventually leads you to a system dominated by black markets and a sitiuation much like what you see in the Middle East, India, and Afghanistan.  Think about it, how much access to cheap energy sources do most truly local economies have?  The flux of cheap energy is the only thing that matters, period.

whstlblwr's picture

Instead of all your negative nellies, why not try to be positive? Where is can do attitude? Come on LawsofPhysics, put little smile on sour puss. We can find a way, there is always a way.

Flakmeister's picture


The hopium just hit...

Cue Pink Floyd:

"There is no pain, you are receding...." 


Vic Vinegar's picture

Dare I say this is the best comment ever on Zero Hedge.

(yes, the writing-style is a tribute to CompassionateFascist)

Vic Vinegar's picture

Here’s another one spacemonkeys…

…it’s pretty obvious that whstblwr is a foreigner.  I mean, his English is shit.

However, he has a pristine attitude, one I see a lot in the people I meet here in the USofA who were not born in this country. 

Why are most of the cool people I meet in this country foreigners?  Why are so many of the cracka-ass-crackas who were born here either bitter or fucked up in the head (and I mean in a bad way)?

malusDiaz's picture

Then I would conjecture your not looking hard enough.


When I hear someone say "Everyone is lazy." I immediatly note to myself... that person is lazy.


When I hear someone say "Imposible, can't be done." I note to myself... they will never atempt it.


When I hear someone say "Your crazy!" ... "Your probably right... but I think I know who is more sane."




Most people are good, moderately intelligent, and emotionally driven (Oh and opportunistic).

Vic Vinegar's picture

The poor, the unsuccessful,
the unhappy and the unhealthy
are the ones who use the word
tomorrow the most. 

~Robert Kiyosaki


OMG, I just quoted that Rich Dad/Poor Dad dude here on Zero Hedge! 

malusDiaz's picture

A positive attitude may not be 'all you need'...


But a negative attitude will kill you.


When lost in the woods, you chances for survival drop dramatically as soon as you sit down and say "I can't go on."


As soon as you start thinking "Someone will find me, I don't need to try." Your about 80-90% more likely to die.


Attitude isn't everything, but it is responsible for the actions we take, and 'pulling the trigger' on life style changes ahead of being forced to requires one hell of a attitude.

Vic Vinegar's picture

I like it and agree.

The concept of life is 10% what happens to you and 90% of how you react to it should be absorbed by more of those who comment here.  Yeah, yeah, yeah, I get it, you’re not really angry but you keep coming here each day and saying the same things.  Think on it.

However, since this is a ‘perma-doomer’ site, I’m willing to say life is 20% of what happens to you and 80% of how you react to it.  Paraeto Principle, bitchez.

malusDiaz's picture

80/20 rule is a good rule... holds up 80% of the time ,and the 20% edge case can be applied to the 80% of the 20...


When designing software, getting 80% of the good cases working is the first major hurdle... in the end, 80% of the code written is for the 20% edge cases

Vic Vinegar's picture

Nice to see you added a picture. :-)

Speaking of designing software, I'm going to reply here to Tyler:

Tyler I had a hard time sleeping last night.  No joke - I was soooooooooo excited about the possibility of being able to receive comments made on Zero Hedge directly to my email.  Yeah, I know I'm weird.

In no particular order, this would be the first batch of people for whom I want to see everything they write.  Don't ask me to explain, the cognitive dissonance of doing so would be too painful :-)

  • RobotTrader
  • Mr. Lennon Hendrix
  • chumbawumba
  • slewie the pi-rat
  • baby_BLYTHE
  • janus
  • B9K9

Please make it happen, Tyler.  Pretty, pretty please.  And if I'm too stupid to figure it out as the feature already exists, I'd appreciate a heads-up from anyone.

Vic Vinegar's picture

I don't think anyone appreciates how badly I want to see everything baby_BLYTHE says and have it come directly to me on my iPhone.  I don't think anyone cares, either :-)

I would sacrifice my first born, your first born, or anyone's first born to have this in my life.

mkkby's picture

I hope baby blyth blows your perv nuts off with a 12 guage.  Then you can whack off to something else.

RockyRacoon's picture

Good lord.  Don't you get enough email?  I'd pay NOT to get more.

InconvenientCounterParty's picture

take away entitlements! ...for those that do not deserve it.

Naturally, I deserve them because I've been here many years and my parents and their parents were here decades before that and they built this sumbitch.

I don't mind a few immigrants, as long as they observe the conservative hierarchy and don't try to change anything.


Vic Vinegar's picture

Nice work.

Come to think of it, between you, Flakmeister and about a hundred other people, the list of commenters that I enjoy seeing what they write is too long to list. 

OK, Tyler: revised list - baby_BLYTHE, followed by about 100 others.  If the day comes where I can get these comments sent directly to me, it's going to be one of the greatest days ever.

RichardP's picture


The phrase get a life comes to mind.  I'd be tempted to utter it if I actually thought you were serious about what you are saying here.

RockyRacoon's picture

I'm hurt 'cause I wasn't on the list.   Harumph.

Vic Vinegar's picture

I have different reasons for noting that crew of commenters.  But to you Rocky I must say thank you.

LawsofPhysics's picture

There is always a solution (I work on many everyday in biotech).  But there are also very real constraints to what the laws of physics and thermodynamics allow you to do.  Chance favors the prepared mind my friend, hedge accordingly.

RichardP's picture

Then there is the process of being in solution, where all of the malcontents precipitate out.

EnglishMajor's picture

Agreed, although you should consider that the original diesel engine, as designed by Diesel himself, was meant to run off of peanut oil.  Diesel's vision was that farmers could produce bio-diesel (not to be confused with Ethanol or other bio "fuels") on a local level.  We cannot produce alternatives as cheaply and abundantly as we have produced petroleum products in the past, however we do have alternatives to develop if people are willing to change their thinking and their vehicles.

Of course, back to your original point, Diesel mysteriously disappeared from a ship in the middle of the ocean, and shortly thereafter Mr. Rockefeller and Standard Oil introduced diesel fuel...

Henry Krinkle's picture

So we're talking about changing civilization so it can function without ever-increasing inputs of resources.  Reducing our requirement for energy to the point where non-fossil-fuel sources can satisfy it.  We're talking a massive psychological change to build a way of life that can run well on it.

Cull Morgan's picture

Actually, if I remember correctly, Diesel's initial idea was to use coal dust as a fuel, not oil.

The peanut oil in particular was suggested by the French hosts for some exhibition where Diesel demonstrated his engine. I think France had an African colony where peanuts were growing like weeds and they were looking for useful applications.

The Diesel engine is one of my absolute favorite inventions ever! At high compression ratios the efficiency is outstanding and they can use almost any type of oil as fuel. Hell, at high enough compression ratio you could probably run them on gravy...

Bolweevil's picture

You speak of this "black market" like its a bad thing. Black is not the absence of color, it is all the colors combined.

LawsofPhysics's picture

Er, incorrect sir.  The electromagnetic spectrum that we can see (white light) is in fact made up of all colors.  Black is what you get when a substance adsorbs ALL those colors leaving NOTHING for anyone else or you to see.  When a substance adsorbes all color except for say green, then you "see" that wavelength with your eye.

So to be precise, black is a substance that sucks in, adsorbs, and retains all frequencies of electromagnetic radiation that you eye can percieve. Educate yourself before making such statements.