Kunstler Chatting with Charles Hugh Smith

9 Comments on "Kunstler Chatting with Charles Hugh Smith"

PapaSmurf on Sat, 15th Mar 2014 7:05 pm 



Deep State, our favorite new word for what used be be known as the Establishment. We also touch on Charles’s theory that the Deep State will be willing to “throw Wall Street under the bus” to save itself, if it felt threatened.
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That is touchingly naive. Wall Street is the Establishment. If they don’t like the government (if they feel threatened), they will swap it out for a new one in two years.

paulo1 on Sat, 15th Mar 2014 7:42 pm 



I do agree with the 2 statements that “there is a palpable hatred towards Wall Street and bankers”. And, “that people do not and will never believe in ‘change’ again”.

I can see violence towards bankers and politicians as a result. Too many guns and too much anger abound. I also find it hard to believe that soldiers (career professionals or not), will be again duped and go along with another false war.

regards….Paulo

Boat on Sun, 16th Mar 2014 1:13 am 



Soldiers have nothing to do with it. They are just paid employees who do what their paid to do. Very few companies think bottom up, most think top down like our government.
It is bred in our DNA to hope and expect change. Our expectations of other humans are just to high.

Makati1 on Sun, 16th Mar 2014 2:55 am 



Wall Street is already on a suicide route to extinction along with capitalism and ‘democracy’. None of them can exist in a world without excess, cheap energy. None.

They all require a growing economy based on debt, which requires an unlimited supply of energy, cheap, plentiful energy. Think about that before you comment, please.

PapaSmurf on Sun, 16th Mar 2014 4:50 am 



Makati1,
Your absolute vision of the future with 100% certainty about all things is just incredible. How is it that you figured everything out with such incredible precision and foresight about all things financial and energy?

You must be fabulously successful since you are so knowledgable about future events.

RICHARD RALPH ROEHL on Sun, 16th Mar 2014 8:07 am 



Makati 1 doesn’t have to think hard about what the future shall bring. Common sense does it. Something that Wall $treet does not have.

Makati1 on Sun, 16th Mar 2014 8:22 am 



Papa, some things are painfully obvious if you open your eyes and use your brain.

Davy, Hermann, MO on Sun, 16th Mar 2014 11:33 am 



Well, Wall street is engage in a Ponzi scheme of debt. Ponzi schemes end and will always end badly for someone. Bubbles burst and generally are always bad except if they are small bubbles in a particular market. Then they create opportunities in other areas. When a bubble is the entire system and I am talking economic and socially currently, it will not be good. This will spell the end of globalism because there are no more tools in the tool bag to fix this system. The whole system is in overshoot from debt to population. Wall Street has over financialized through the use of debt and high speed trading by too big to fail establishments. Corruption, manipulation, and disregard for the rule of law further ensure this financial system will correct and or crash. When the correction comes Wall Street and its global contemporaries will be greatly diminished. They should be greatly diminished. The financial system has grown to become a parasitic energy sink on our global system. It is now causing more entropic decay then real wealth creation. It is probably 3 times or bigger than it should be in relation to real wealth. The vast sums of money and pseudo wealth are in no way related to the world of real physical wealth. This again is part of a cycle. Business cycles have always been part of finance and this next cycle will be the greatest ever because we will cycle out of globalization into national and or region systems out of necessity. This could happen very quickly and be very messy. The world can no longer support the current system because it is not sustainable and has lost resilience. It is brittle as we can see by the too big to fail establishments. The debts, unfunded liabilities, CDS, shadow banking, and hypothecation are all symptoms of a system that has grown beyond what is real. In my mind it reflects peak everything and the entropy associated with this phenomenon. Confidence and its resulting liquidity will tank and when it does real price discovery will occur. Those assets that have real value will be discovered those that don’t will evaporate. The current system has become smoke and mirrors which is the nature of a corrupted system. If I were you I would not have anything paper at the moment and or be ready to play at the casino with big gonads! Currently life is a big dance at the edge of the cliff. It is a matter of when do you get out, high or low. The age old money and Ponzi scheme story!

J-Gav on Sun, 16th Mar 2014 9:47 pm 



An interesting discussion in this podcast. A couple of comments: Paulo – Okay with the first point but don’t agree on the second. People will always want to believe in “change” from above because otherwise it means THEY/WE would have to be the ones to bring it about.

As for the ‘Deep State’ term, it’s been used for years and years by Canadian Peter Dale Scott, among others, so I see nothing new about it … Patrick Byrne’s Deep Capture website gives an interesting take on it on the financial/investment/transactional systemic rot which pervades much of the world (though he and his 2 or 3 cohorts concentrate on the US). I’ll say it one more time for those who haven’t delved into these matters: EVERY market which CAN be manipulated IS manipulated to the benefit of a select few and to the detriment of the masses.