The Invisible Court’s Verdict: You Are Hereby Exiled to Digital Siberia

By Charles Hugh Smith As in the Gulag it replicates, the innocent are swept up with…

How Much Do You Spend on Food?

By Charles Hugh Smith Maybe the question isn’t just “how much do you spend on food,”…

Lowering Risk as We Enter Forced Frugality

By Charles Hugh Smith If things unravel, these risk-reduction strategies quickly shift from “nice to have”…

When Shelter Becomes a Speculative Asset, Society Unravels

By Charles Hugh Smith Does anyone really believe that the renunciation of massive, sustained stimulus of…

September 1, 2025: Fed Reaches Inflation Target, Cheese Sandwich Costs $120

By Charles Hugh Smith Editor’s Note: This article is satire … possibly. In stock market news,…

The Airbnb Bubble Popping Will Pop the Housing Bubble

By Charles Hugh Smith This is how bubbles collapse: the “vital few” 4% sell at whatever…

Everyone’s Talking About Currencies: 21 Points

By Charles Hugh Smith The ideal “sound money system” is one in which many currencies, both…

Lessons from The Great Depression

By Charles Hugh Smith The risks of gambling in speculative frenzies and depending on serial asset…

The Two Causes of the Coming Great Depression

By Charles Hugh Smith But the status quo has much to unlearn, and it seems the…

Will AI Deliver the Worst of Both Worlds?

By Charles Hugh Smith So what happens if AI destroys both profits (due to it being…

2023-2030: Artifice Vs. Doom-Loops

By Charles Hugh Smith If you prefer reality to artifice, oh, you wretched doom-and-gloomer. Just look…

12 Ways to Cut the Chains of Financial Serfdom

By Charles Hugh Smith Just because nobody talks about financial serfdom doesn’t mean it’s not real.…

What Happens When the Competent Opt Out?

By Charles Hugh Smith By this terminal stage, the competent have been driven out, quit or…

2023: Echoes of 1973

By Charles Hugh Smith So what’s changed? Everything, but mostly beneath the surface churn of circus…

This Housing Bubble Is Different: It’s Much More Precarious

By Charles Hugh Smith And what happens next? Bubble symmetry: valuations fall at the same rate…