All Three Pillars Holding Up the Economy Have Cracked
All three pillars propping up workforce spending are cracking. Plan accordingly.
Charles Hugh Smith provides an overview of why western economies are finally collapsing.
Add this explanation to stories from Catherine Austin Fitt's about government bondholders, politicians and bankers secretly pulling money out of western economies in anticipation of the collapse and you have a pretty good overview of what's currently going on.
Everyone's a criminal when the system collapses, at least until the new system takes its place. -
Karl Marx and Henry Ford both understood the key pillar of an industrial economy: the workforce has to earn enough to buy the output of the economy. If the workforce doesn't earn enough to have surplus earnings to spend on the enormous output of an industrial economy, then the producers cannot sell their goods / services at a profit, except to the few a…
Subscribe to Charles Hugh Smith's Substack to continue reading
Visit the author’s Substack to subscribe and read more.