Charles Hugh Smith says, “If I had a bitcoin for every time some pundit declared bitcoin is a bubble, I’d be a billionaire.” ($1,000,000,000 / $3700). Here are the three main problems Charles sees with declaring Bitcoin a bubble…

Charles Hugh Smith says the housing market is close to a collapse in demand. The latest expansion is so symmetrical that the markets are now signaling collapse, even as market delusions have kept them attractive…

Charles Hugh Smith brings a sobering analysis of the difficulty with repairing all the flood-damaged homes in Houston. As one can imagine, the list is long and the complications are many…

Recovery, growth, and a higher standard of living for all are just catch phrases and talking points of the propagandist MSM and the corrupt politicians. Charles Hugh Smith says the system is broken at the deepest levels, and his message is clear but does not offer hope: WE ARE DOOMED

What Geithner is unwilling to say is what’s obvious: now that policymakers have shot their wad and the room for maneuver is limited, there can’t be a centralized, painless “fix” for the next inevitable financial crisis.

The coming War on Cash is also designed to bring in black-market cash from the bottom 40% who use cash businesses as a tax avoidance tactic.
As for precious metals–imagine a “wealth tax” that is first imposed on millionaires.
Who will say that “taxing the rich” is a bad idea?
Then the definition of “rich” will be adjusted downward.  Anyone owning gold is “rich,” correct?