The Phaserl


The Great Con: Political Correctness Has Marginalized the Working Class

by Charles Hugh Smith, Of Two Minds:

So when the protected class of well-paid institutional “progressives” speak darkly of “reversing 40 years of social progress,” what they’re really saying is we’re terrified that the bottom 95% might be waking up to our Great Con of identity politics and political correctness.

To understand the […]

Who Lost: A Biased Media, Pundits, Pollsters, Political Parties, Warmongers, the Corporatocracy, Pay-to-Play Grifters, Neoliberals

by Charles Hugh Smith, Of Two Minds:

Fake Progressives are perfectly fine with soaring inequality and corrupt governance, as long as everyone’s public utterances are politically correct.

Sometimes who lost is more important than who won. Let’s review who lost the election:

1. Let’s start with the Corporatocracy, which expected to once again wield […]

The Source of our Rage: The Ruling Elite Is Protected from the Consequences of its Dominance

by Charles Hugh Smith, Of Two Minds:

Please read my election note at the end of the essay.

There are many sources of rage: injustice, the destruction of truth, powerlessness. But if we had to identify the one key source of non-elite rage that cuts across all age, ethnicity, gender and regional boundaries, […]

America’s Ruling Elite Has Failed and Deserves to Be Fired

by Charles Hugh Smith, Of Two Minds:

The sole output of America’s Establishment/Ruling Elite is self-serving hubris.

America’s Ruling Elite is freaking out because a significant percentage of the American public is trying to fire them. The Ruling Elite has failed and deserves to be fired, and deep down, they know it–and this […]

“Nothing Good Can Come of This Election”–and That’s Good

by Charles Hugh Smith, Of Two Minds:

We the citizens and voters have to stop being enablers of systemic corruption.

The overwhelming consensus of the punditry across the political spectrum is that “Nothing Good Can Come of This Election”–and that’s a very good thing. The handwringing goes like this: The country is deeply divided […]

Hillary Is The Perfection of a Corrupt System

by Charles Hugh Smith, Of Two Minds:

Exposing the Clintons’ perfection of a corrupt political system won’t change the conditions and incentives that created the Clintons’ harvester of corruption.

Let’s set aside Hillary Clinton as an individual and consider her as the perfection of a corrupt political system. As I noted yesterday, Politics As […]

Hillary and the Ghosts of Watergate

by Charles Hugh Smith, Of Two Minds:

If there is any lesson to be learned from the ghosts of Watergate, it is that the big-money support of a leader who has lost the ability to deliver the goods crumbles very quickly as the endgame unfolds.

The parallels between Hillary Clinton and Richard Nixon are […]

These Blast Points on Hillary’s Campaign… Only The Deep State Is So Precise

by Charles Hugh Smith, Of Two Minds:

The Deep State’s most prescient elements must derail Hillary’s campaign to clear a path to Trump’s executive team.

Back in August, I asked Could the Deep State Be Sabotaging Hillary? I think we now have a definitive answer: “These blast points on Hillary’s campaign… too accurate for […]

Don’t Diss the Dark Ages

by Charles Hugh Smith, Of Two Minds:

Much was lost when the Western Roman Empire collapsed, but islands of literacy, learning and security arose despite the constant conflicts and threats of invasion.

Once dissed as The Dark Ages, the Medieval Era is more properly viewed as a successful adaptation to the challenges of the […]

The Ruling Elite Has Lost the Consent of the Governed

by Charles Hugh Smith, Of Two Minds:

Brimming with hubris and self-importance, the ruling Elite and mainstream media cannot believe they have lost the consent of the governed.

Every ruling Elite needs the consent of the governed: even autocracies, dictatorships and corporatocracies ultimately rule with the consent, however grudging, of the governed.

The American […]

What Happens When the Electricity Is Off for Three Days?

by Charles Hugh Smith, Of Two Minds:

what happens when an electricity dependent society and economy has an extended loss of electrical grid and communications?

One of the hidden realities of modern life is its fragility. For example, few people are aware of the precariousness of the supply chain that refills gasoline/petrol stations around […]

What Triggers Collapse?

by Charles Hugh Smith, Of Two Minds:

A variety of forces will disrupt or obsolete existing modes of production and the social order.

Though no one can foretell the future, it is self-evident that the status quo—dependent as it is on cheap oil and fast-expanding debt—is unsustainable. So what will trigger the collapse of […]

Where Will All the Money Go When All Three Market Bubbles Pop?

by Charles Hugh Smith, Of Two Minds:

Since the stock, bond and real estate markets are all correlated, it’s a question with no easy answer.

Everyone who’s not paid to be in denial knows stocks, bonds and real estate are in bubbles of one sort or another. Real estate is either an echo bubble […]

Please Assume Crash Positions

by Charles Hugh-Smith, OfTwoMinds:

That few believe Mr. Market can possibly stumble only increases the odds of a stumble.

You know how to get into crash positions, correct? Here’s your guide:

Very few punters expect a real downturn here in stocks. The reasons for confidence are many: the Fed has our back, buy the […]

USA 2017-2020: An Ungovernable Nation?

by Charles Hugh Smith, Of Two Minds:

The only way to govern successfully is to actually solve the underlying systemic problems, but doing that requires overthrowing a corrupt, self-serving elite.

Regardless of who wins the presidency, a much larger question looms: will the U.S. be ungovernable 2017-2020? There are multiple sources of the question.


When Did Our Elites Become Self-Serving Parasites?

by Charles Hugh Smith, Of Two Minds:

Combine financialization, neoliberalism and moral bankruptcy, and you end up with self-serving parasitic elites.

When did our financial and political elites become self-serving parasites? Some will answer that elites have always been self-serving parasites; as tempting as it may be to offer a blanket denunciation of elites, […]

New Poll Puts Mayor of Cormorant, Minnesota Ahead of Hillary and Trump

by Charles Hugh Smith, Of Two Minds:

For goodness sakes, people–ignore the rigged polls and vote for the candidate you believe in.

A new national poll has found that 54% of potential voters favor the mayor of Cormorant, Minnesota over either Hillary Clinton or Donald Trump. The poll surveyed a spectrum of potential voters […]