Charles Hugh Smith: Financialization Is The Problem We Face

Charles Hugh Smith discusses the reason why wages have not kept pace with the broader economy. In fact, the standard of living for most Americans keeps getting worse. Here’s why…

Charles Hugh Smith interviewed on X22 Report Spotlight

On the surface, things look normal. In fact, there are pockets in the United States where things even look good.

That is where it ends, however, as Charles Hugh Smith argues.

Financialization, that is, the turning of debt into profits, has taken hold of corporate America and is not letting go.

Here’s what Charles says to do about it.

Spoiler Alert: According to Charles, the answer is not borrowing another $100k to get a Masters or Doctorate degree: