RMR: Special Guest - Charles Hugh Smith - Of Two Minds (05/22/2018)

RMR: Special Guest - Charles Hugh Smith - Of Two Minds (05/22/2018)

ICYMI, author, commentator and volcanic Big Island of Hawaii resident Charles Hugh Smith joined the RogueMoney radio program on May 22, 2018. In this interview CHS discusses money and the fiat creation of it by central banks as the root of the socio-economic breakdown we see around the world. By offering decentralization and diversity of money supplies, CHS says, crypto currencies can provide a way out of the current global crisis.

You can find his most recent three articles reflecting on the true state of the United States this Memorial Day weekend reproduced below, with permission and links to the originals at his blog, Of Two Minds, which he has published since 2005. “In my experience, good luck is rare; the default setting is rejection, disinterest and failure. I concur with Winston Churchill, who held that "Success consists of going from failure to failure without loss of enthusiasm." That more or less sums up my biography.” — CHS

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Our Strange Attraction to Self-Destructive Behaviors, Choices and Incentives

 Our Strange Attraction to Self-Destructive Behaviors, Choices and Incentives

Charles Hugh Smith returned to RogueMoneyRadio for an 04/16/2018 program. The following is his latest article reproduced here with the author's permission and links to the original at his Of Two Minds site. -- JWS

Self-destruction isn't a bug, it's a feature of our socio-economic system.

The gravitational pull of self-destructive behaviors, choices and incentives is scale-invariant, meaning that we can discern the strange attraction to self-destruction in the entire scale of human experience, from individuals to families to groups to entire societies.

The proliferation of self-destructive behaviors, choices and incentives in our socio-economic system is profoundly troubling. Exhibit 1 is the opioid epidemic (charts in the original story). How did we reach this level of individual and social self-destruction?

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Our Approaching Winter of Discontent

Our Approaching Winter of Discontent

The tragedy is so few act when the collapse is predictably inevitable, but not yet manifesting in daily life.

That chill you feel in the financial weather presages an unprecedented--and for most people, unexpectedly severe--winter of discontent. Rather than sugarcoat what's coming, let's speak plainly for a change: none of the promises that have been made to you will be kept.

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Rising Social Disorder Is Inevitable: Here's Why

Rising Social Disorder Is Inevitable: Here's Why

We are in a very peculiar point in history. On the one hand, we're reassured that all is well because Every One of the World’s Big Economies Is Now Growing. (NY Times)

Yet at the same time, we read that "Something Is Very Wrong With The Global Economy":Richest 1% Made 82% Of Global Wealth In 2017 and are asked, Can the World Survive a Winner-Take-All Global Economy?

Even the authors of the rah-rah NY Times piece on the wonderfulness of the global economy expressed concern that this "growth" may not be distributed any more equally than the previous 10 years of "recovery."

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Christmas 2017: Why I'm Hopeful

 Christmas 2017: Why I'm Hopeful

The following is reposted with the author's permission and link to the original at the Of Two Minds blog. You can listen to Charles Hugh Smith's appearances on Rogue Money radio here. -- JWS

A more human world lies just beyond the edge of the Status Quo.

Readers often ask me to post something hopeful, and I understand why: doom-and-gloom gets tiresome. Human beings need hope just as they need oxygen, and the destruction of the Status Quo via over-reach and internal contradictions doesn't leave much to be happy about.

The most hopeful thing in my mind is that the Status Quo is devolving from its internal contradictions and excesses. It is a perverse, intensely destructive system with horrific incentives for predation, exploitation, fraud and complicity and few disincentives.

A more human world lies just beyond the edge of the Status Quo.

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Un-Merry Christmas: The Perverse Incentives to Over-Consume and Over-Spend

Un-Merry Christmas: The Perverse Incentives to Over-Consume and Over-Spend

Editor's Note: Merry Christmas from Team RogueMoney! The following is reproduced at RogueMoney with the author's permission and link to the original post at Of Two Minds.com. Click on the extended post to listen to CHS latest interview on RMR. -- JWS

Isn't it obvious that if we set out to design the most perverse, toxic and doomed system possible, we'd end up with the Keynesian Cargo Cult's insane permanent growth/Landfill Economy?

Few topics are off-limits nowadays: the personal and private are now splashed everywhere for all to see.

One topic is still taboo: the holiday's perverse incentives to over-consume and over-spend,lest our economy implode. This topic is taboo because it strikes at the very heart of our socio-economic system, which is fundamentally based on permanent growth, the faster the better, as if unlimited expansion on a finite planet is not just possible, but desirable.

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