By Charles Hugh Smith Self-reliance in the 21st century is uniquely challenging because we've become overly dependent on globalization and financialization. As things unravel, the one surefire strategy is to chart a course for greater self-reliance. Improving self-reliance has no downside, only upside, and everyone can increase their self-reliance incrementally in small … [Read more...] about Chart a Course To Self-Reliance
Charles Hugh Smith
When Social Capital Becomes More Valuable Than Financial Capital
By Charles Hugh Smith This devaluation of financial wealth -- and its transformation to a dangerous liability -- will reach extremes equal to the current extremes of wealth-income inequality. Financial capital--money--is the Ring that rules them all. But could this power fall from grace? Continuing this week's discussion of the idea that that extremes lead to reversions, … [Read more...] about When Social Capital Becomes More Valuable Than Financial Capital