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    April 2010 entries:

    Two Charts: the Dow and Dow/Oil
    (April 30, 2010)

    Debt, Democracy, Autonomy and Revolution: Understanding 2010-2021
    (April 29, 2010)

    A Meditation on the Tea Party Movement
    (April 28, 2010)

    Why the "Nascent Recovery" Won't Last
    (April 27, 2010)

    Adaptation, Habituation, Consumption and $9/Gallon Gasoline
    (April 26, 2010)

    1905 San Francisco: Great City, Low Energy Consumption
    (April 24, 2010)

    The Vampire Squid Partnership: the State and Wall Street
    (April 23, 2010)

    My Country Went to Iraq and All I Got Was This Global Empire
    (April 22, 2010)

    Is It Time to Go to Cash?
    (April 21, 2010)

    How We Get Ahead Now: Gaming the System
    (April 20, 2010)

    Vampire Squid, Meet Ravenous Piranhas
    (April 19, 2010)

    Foreclosure Pipeline Is Full to Bursting
    (April 17, 2010)

    Housing and the Collapse of Upward Mobility
    (April 16, 2010)

    Wall Street Is Now America
    (April 15, 2010)

    China's Towers and U.S. McMansions: When Things Fall Apart (Literally)
    (April 14, 2010)

    Housing Headwinds and Baby Boom Demographics
    (April 13, 2010)

    Best Trade of the Next Five Years: Short-Term Treasuries
    (April 12, 2010)

    The Politically Inconvenient Medical Realities of Opting Out
    (April 10, 2010)

    Tyranny of the Majority, Corporate Welfare and Complicity
    (April 9, 2010)

    1969 and 2010: Higher Taxes, Higher Costs and Structural Monopolies
    (April 8, 2010)

    Are We Heading for a Decade of 1970s-Style Stagflation?
    (April 7, 2010)

    Incomes Decline, Debt Increases: Why the Credit Bubble Cannot Be Reflated
    (April 6, 2010)

    The U.S. Status Quo: Unsustainable, Doomed and Danced Out
    (April 5, 2010)

    Deleveraging and the Futility of "Printing Money"
    (April 2, 2010)

    Debt Jubilee: $38 Trillion in Private U.S. Debt Is Wiped Clean
    (April 1, 2010)

    March 2010 entries

    February 2010 entries

    January 2010 entries

    December 2009 entries

    November 2009 entries

    October 2009 entries

    September 2009 entries

    August 2009 entries

    July 2009 entries

    June 2009 entries

    May 2009 entries

    April 2009 entries

    March 2009 entries

    February 2009 entries

    January 2009 entries

    December 2008 entries

    November 2008 entries

    October 2008 entries

    September 2008 entries

    August 2008 entries

    July 2008 entries

    June 2008 entries

    May 2008 entries

    April 2008 entries

    March 2008 entries

    February 2008 entries

    January 2008 entries



    All content, HTML coding, format design, design elements and images copyright © 2008 Charles Hugh Smith, All rights reserved in all media, unless otherwise credited or noted.

    Extra-Special Bonus Aphorisms:

    "There is no security on this earth; there is only opportunity." (Douglas MacArthur)

    "Success: To laugh often and much; to win the respect of intelligent people and the affection of children; to earn the appreciation of honest critics and endure the betrayal of false friends; to appreciate beauty, to find the best in others; to leave the world a bit better, whether by a healthy child, a garden patch, or a redeemed social condition; to know even one life has breathed easier because you have lived. This is to have succeeded."
    (Ralph Waldo Emerson, submitted by J.P. Bahner)

    "It is not the critic who counts; not the man who points out how the strong man stumbles, or where the doer of deeds could have done them better. The credit belongs to the man who is actually in the arena, whose face is marred by dust and sweat and blood, who strives valiantly; who errs and comes short again and again; because there is not effort without error and shortcomings; but who does actually strive to do the deed; who knows the great enthusiasm, the great devotion, who spends himself in a worthy cause, who at the best knows in the end the triumph of high achievement and who at the worst, if he fails, at least he fails while daring greatly. So that his place shall never be with those cold and timid souls who know neither victory nor defeat."
    (Theodore Roosevelt, submitted by Kenneth R.)

    "Economic history is a never-ending series of episodes based on falsehoods and lies, not truths. It represents the path to big money. The object is to recognize the trend whose premise is false, ride that trend, and step off before it is discredited." (George Soros)

    "To endure is greater than to dare; to tire out hostile fortune; to be daunted by no difficulty; to keep heart when all have lost it -- who can say this is not greatness?
    (William Makepeace Thackeray, recommended by U.Doran)

    "Daydreams of a fair world which would treat him according to his real worth are the refuge of all those plagued by a lack of self-knowledge." (Ludwig von Mises)

    "The way of the Tao is reversal." (Lao Tzu)

    "Chance favours the prepared mind." (Louis Pasteur)

    "It is neither necessary to hope to undertake, nor to succeed to persevere." (William of Orange)

    "You must have a willingness to do something when everyone else is petrified. You must learn the lesson of following logic over emotion." (Warren Buffett)

    "Success consists of going from failure to failure without loss of enthusiasm." (Winston Churchill)

    "Where there is ruin, there is hope for treasures." (Rumi)

    "May a fair road always be open to you." (CHS, April 2, 2006)

    "A healthy homecooked family meal and a home garden are revolutionary acts." (CHS, May 2008)

    "You don't miss what you no longer want." (CHS, August 2008)

    "Food is wealth, health is wealth, energy is wealth; all else is illusion." (CHS, December 15, 2008)

    "Meaningful work and meaningful skills make a meaningful life, even if the work is unpaid." (CHS, March 6, 2009)

    "If you like eating, begin liking dirt." (CHS, April 6, 2009)

    "Either we restrict the foods we eat when we have a choice, or our diet will eventually be restricted by chronic diseases." (CHS, May 9, 2009)

    "Greed is a wonderful motivator but fear works much faster." (Riley T., Sept. 2008)

    "Democracy can be likened to two wolves and one lamb voting on what to have for lunch." (unknown source, submitted by Tim B.)

    "Every effort under compulsion demands a sacrifice of life energy." (Nikola Tesla, sunmitted by Kenneth R.)

    "In a time of drastic change it is the learners who inherit the future. The learned usually find themselves equipped to live in a world that no longer exists." (Eric Hoffer, submitted by Angry Saver)

    "In times of change, learners will inherit the earth." (Eric Fromm, submitted by Tom P.)

    "Do the thing and you shall have the power." (Ralph Waldo Emerson)

    "Radical self-reliance begins with rock-solid personal integrity and a willingness to ask cui bono-- to whose benefit?--of every arrangement."
    (CHS, October 30, 2009)

    "Do you know what amazes me more than anything else? The impotence of force to organize anything." (Napoleon Bonaparte)


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