• Phoenix Capital...
    10/07/2015 - 18:54
    If you think this sounds like some kind of conspiracy theory, consider that France just banned any transaction over €1,000 Euros from using physical cash. Spain has already banned transactions...


Tyler Durden's picture

It's One Indivisible System: Empire, The State, Financialization, & Crony Capitalism

The system is a machine in which each gear serves the whole. So go ahead and try to "reform" the system by extracting whatever gear you don't approve of: the Deep State components, the Security State organs, the Federal Reserve, cartels/monopolies enforced by the State, the suppression of democracy, crony capitalism, whatever. The system is interdependent. Each subsystem needs the others to function.

Tyler Durden's picture

Voting With Your Feet

When do we finally accept the hopelessness of reforming a self-serving machine bent on destruction?

Tyler Durden's picture

What Choice Do We Have?

The idea that our large-scale problems could be fixed with systemic reforms is enticing: replace the thousands of pages of tax code with a simple flat tax without deductions, for example, or the replacement of too big to jail/fail banks with community-owned banks that served the public, not shareholders. But the attraction of reforms is a siren song, because our system is run by vested interests for vested interests, period. Any real reform is Dead On Arrival (DOA) because any real reform threatens the swag and security of vested interests.

Tyler Durden's picture

The Global Template For Collapse: The Enchanting Charms Of Cheap, Easy Credit

Cheap, easy credit has created moral hazard and nurtured magical thinking throughout the global economy.

Tyler Durden's picture

Greece, Democracy, And Magical Thinking

Regardless of what the Greek people choose, at least the choice will be theirs, along with the consequences.

Tyler Durden's picture

Our Financial Future: Infinite Greed Meets A Funny Thing Called Karma

Somewhere along the line, we lost the ability to distinguish between earning a profit and maximizing private gain by any means, i.e. Infinite Greed. All those angered by the mere question of the viability of this predatory pillaging in the name of capitalism are incapable of even admitting this cultural crisis exists.

Tyler Durden's picture

The Changing World Of Work I: America's Nine Classes

The conventional class structure is divided along the lines of income, i.e. the wealthy, upper middle class, middle class, lower middle class and the poor. But this 3.5-class structure did not capture the changing nature of employment, income and wealth/political power; which more appropriately subdivides into America's socio-economic spectrum into nine classes. This is neofeudal, a term we use to describe a society and economy dominated by financialization and the apex of wealth and political power that wealth buys. The classes below this apex are either tax donkeys, Upper Caste technocrats serving the apex, or the lower classes that are bought off with social welfare and various modern iterations of bread and circuses.

Tyler Durden's picture

Solutions Start With Innovation And Transparency

Just as everyone supports "solutions" until the solutions crush their share of the swag, everybody supports innovation and transparency until it disrupts their share of the swag. Then they scramble to hide the ugly truths and suppress the spread of threatening innovation. This parallel rejection of swag-crushing solutions and innovation/transparency by vested interests is not coincidental: innovation and transparency are the heart of real solutions.

Tyler Durden's picture

Forget The $1 Trillion Platinum Coin - Here's The $10 Trillion Stone Coin

If creating money is such a good idea, why not let all of us do so? Why not let everyone print as much as they need to get what they want? The answer is of course runaway inflation, as money that can be issued by everyone in unlimited quantities is instantly rendered worthless. The point we're making with the $10 trillion stone coin is that if money is a social contrivance, then it should be distributed to those creating goods and services, not those with influence over easily-bought politicos.
Tyler Durden's picture

Failed Discipline, Failed Reforms And Grexit: Why The Euro Failed

It's not that difficult to understand why the euro is doomed to fail. Given its structure, there is no other possible outcome but failure. Greece's exit (Grexit) will simply be the first manifestation of the inevitable structural failure of the euro. To understand why this is so, we have to start with two forms of discipline: the market and the state.
Tyler Durden's picture

The Lesson Of Greece: Only Collapse Makes Real Change Possible

When the illusion that the Status Quo can fulfill all its promises to everybody dies, the Status Quo starts the terminal slide to effective collapse.

Tyler Durden's picture

The Federal Reserve Has Declared The Winner In The Generational Financial War

The policy of safeguarding Boomer benefits with asset bubbles will lead to the destruction of the unprepared, the unwary and those who foolishly trusted our "leadership" and central bank to tell them the truth.

Tyler Durden's picture

Which Cities/States Will Be The First To Default When The Economy Rolls Over?

The vice will close on some cities and states sooner than others, but it will eventually squeeze every city and state with declining revenues and rising fixed costs into default.

Tyler Durden's picture

End Of The Empire

If the top 1/100th of 1% crowding airports with their private jets isn't afraid of impoverished, disenchanted debt-serfs with pitchforks, they should be.

Syndicate content
Do NOT follow this link or you will be banned from the site!