payroll taxes

excise taxes

Each transaction above

Significantly, there are multiple other ways populism can manifest outside of traditional politics, with the most promising being in the realm of open source, decentralized technologies that don’t ask permission and can change the world via their very existence.

disconnected elitism

neocon/neoliberal consensus

Victor Hugo

So where is the marginal buyer?

government used gimmicks to get them involved and through the FHA and tax-credit system encouraged 0% down purchases again

home ownership rates spiked to a record high according to data released by the U.S. Census

I believe residential real estate in the United States generally will remain depressed for a long time.

then later when the money’s purchasing power is clearly decimated there will be the push for outright debt repudiation as the social winds blow the politicians in that direction

As George Gurdjieff claimed, people cannot perceive reality in their current state because they do not possess consciousness but rather live in a state of a hypnotic “waking sleep”. “Man lives his life in sleep, and in sleep he dies.”

continue to believe commodity price spikes will be the major symptom.

The DXY is the dollar versus the euro (57.6% of the index), the yen (13.6%), the pound (11.9%), the Canadian dollar (9.1%), the Swedish Kroner (4.2%) and the Swiss Franc (3.6%). 

this index had becoming increasingly useless because it really only measured the dollar versus a basket of other terminally ill OECD nations and that it wasn’t very important to the macro picture as relates to commodities because the biggest adjustment that needs to occur is a major devaluation of the OECD currencies to the currencies of emerging Asia and the commodity nations

The policy of denial will only lead to global hyper-inflation.

yuan free-float

Bitcoin