“The larger point here is the long economic cycles have turned. The 40-year decline in interest rates has turned, whether we admit it or not. The 40-year decline in the prices of goods due to financialization (lower interest rates, higher speculative assets) and globalization has turned. The 40-year expansion of the workforce has turned. The 40-year decline of oil/fuel/resources prices has turned. The 40-year fantasy that we can depend on other nations for our essential resources and components is drawing to a close.” – Charles Hugh Smith
The Editors’ Quote of the Day:
- Ad Suburban Defense: non-fiction by author Don ShiftA cop's how-to guide to protecting your home and neighborhood during riots, civil war, or SHTF.
- Ad Barter and Sell at Simcour Trading PostA new site for individuals to barter and sell items of interest to other like-minded individuals