Book Author, Blogger at Of Two Minds
Contributor's Links: OfTwoMinds.com

Charles Hugh Smith, has been an independent journalist for 22 years. His weblog, OfTwoMinds.com, is a daily compendium of observations and analysis on the global economy and financial markets, as well as notable political, social and cultural trends. ... more

ALL CONTRIBUTIONS

The Most Valuable Form Of Money Nobody's Seen - Yet
What is "money"? "Money" is a claim on the essentials of life. Ration cards are claims on essentials.
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Why The Housing Bubble Bust Is Baked In
The source of the current housing bubble is the explosion of financial speculation fueled by central bank policies.
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The Global Power Shift Isn't West To East - It's Not That Simple
The mercantilist dependence on exports for growth, a winner for the past 70 years, has reached diminishing returns. Rather than be a source of growth, it's a source of stagnation.
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Our No-Win "Kobayashi Maru" Economy
It's time to reprogram the conditions of the economy to serve the many rather than the few.
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The Difference Between A Forecast And A Guess
Every forecast or guess has one refreshing quality: one will be right and the rest will be wrong.
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Our Economy In A Nutshell
The economy has reached an inflection point where everything that is unsustainable finally starts unraveling.
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STOCKS I FOLLOW

GOOG Alphabet Inc. (Google)
QQQ PowerShares QQQ Trust Series 1
SPY SPDR S&P 500

TWEETS

PERSONAL BLOG

Latest Posts
The People Have Lost Faith In The State, And The State Has Lost Faith In Its People
This is how states and empires decay and slide into the dustbin of history.
Trapped!
Kill authentic price discovery, you also kill markets, and in killing markets, you kill allocation of capital and risk management, and in killing those, you kill the economy.
The Stock Market, Fatally Wounded By The Truth, Will Stumble And Crash
The stock market has just been punctured by the thin blades of truth. It is fatally wounded but nobody dares notice. The wounds are barely visible, but the internal damage is mortal. The stock market is already stumbling and will soon crash.
Who Lost: A Biased Media, Pundits, Pollsters, Political Parties, Warmongers, The Corporatocracy, Pay-To-Play Grifters, Neoliberals
Fake Progressives are perfectly fine with soaring inequality and corrupt governance, as long as everyone's public utterances are politically correct. And sometimes who lost is more important than who won. Let's review who lost the election...

Work Experience

Education

Publications

The Nearly Free University and the Emerging Economy
Charles Hugh Smith
CreateSpace Independent Publishing Platform
09/07/2013
With the soaring cost of higher education, has the value a college degree been turned upside down. College tuition and fees are up 1000% since 1980. Half of all recent college graduates are jobless or underemployed, revealing a deep disconnect between higher education and the job market. It is no surprise everyone is asking: Where is the return on investment? Is the assumption that higher education returns greater prosperity no longer true? And if this is the case, how does this impact you, your children and grandchildren? We must thoroughly understand the twin revolutions now fundamentally changing our world: The true cost of higher education and an economy that seems to re-shape itself minute to minute. The Nearly Free University and the Emerging Economy clearly describes the underlying dynamics at work - and, more importantly, lays out a new low-cost model for higher education: how digital technology is enabling a revolution in higher education that dramatically lowers costs while e
Why Things Are Falling Apart and What We Can Do About It
Charles Hugh Smith
CreateSpace Independent Publishing Platform
11/08/2012
Things are falling apart—that is obvious. But why are they falling apart? The reasons are complex and global. Readers of my blog oftwominds.com asked me to explain why in a clear, comprehensive way, and then present solutions. This book is my answer. Our economy and society have structural problems that cannot be solved by adding debt to debt. We are becoming poorer, not just from financial over-reach, but from fundamental forces that are not easy to identify or understand. We will cover the five core reasons why things are falling apart: 1. Debt and financialization 2. Crony capitalism and the elimination of accountability 3. Diminishing returns 4. Centralization 5. Technological, financial and demographic changes in our economy Increasingly complex and costly systems weakened by diminishing returns collapse under their own weight and are replaced by systems that are simpler, faster, better and affordable. If we cling to the old ways, our system will disintegrate
Resistance, Revolution, Liberation: A Model for Positive Change
Charles Hugh Smith
CreateSpace Independent Publishing Platform
04/12/2012
We are like passengers on the Titanic ten minutes after its fatal encounter with the iceberg: though our financial system seems unsinkable, its reliance on financialization has already doomed it. We cannot know when the Central State and financial system will destabilize, we only know they will destabilize. We cannot know which of the State’s fast-rising debts and obligations will be renounced; we only know they will be renounced in one fashion or another. The process of the unsustainable collapsing and a new, more sustainable model emerging is called revolution. In the shared imagination, the word conjures up images of violent overthrow of a political order. In this book, revolution describes a blossoming of understanding so profound that it leads to the peaceful transformation of our social order, economy and culture. History is not fixed; it is in our hands.
An Unconventional Guide to Investing in Troubled Times
Charles Hugh Smith
Amazon Digital Services, Inc.
The next 20 years will not be a simple extension of the previous 20 years. Everything that is currently seen as permanent--the Savior State, the financialized economy, cheap energy-- is visibly unsustainable. Status Quo personal finance strategies--"buy and hold" and global diversification--are doomed by their reliance on increasingly unstable global markets and a myopic focus on the rearview mirror--the recent past is no longer an accurate guide to the future. Uniquely troubled times require an unconventional understanding and "tool kit" of investment strategies. This comprehensive guide offers practical ideas for everyone, from those seeking to protect 401Ks or IRAs to entrepreneurs to those with more time than money to invest in their future. This book offers a broad spectrum of strategies for investing your human, social and financial capital in low-risk, decentralized, diversified assets that increase resiliency and self-reliance.