Reality, unlike perception, cannot be changed by propaganda.

- Charles Hugh Smith

So now that the illusion of infinite growth is being exposed, the corresponding ballooning entitlements that enticed the larger public to become comp…

- Charles Hugh Smith

The problems of the global economy are not based in perception, but in the reality of prices, balance sheets and income statements, vast concentratio…

- Charles Hugh Smith

The human mind has a superglue-like quality: Once a viewpoint has been plucked from the swirling chaos of beliefs and explanations, then the mind qui…

- Charles Hugh Smith

The notion that better engineering can solve all our problems is rooted in an ignorance of non-linear systems and selective/wishful thinking.

- Charles Hugh Smith

Would we as a nation be better off dealing with the truth rather than believing fantasies that prop up the Status Quo and the Fed's dearly beloved me…

- Charles Hugh Smith

One of the dirty little secrets of the stock market rally is that the rising corporate profits that powered it are largely phantom profits. They are …

- Charles Hugh Smith

Humans are wired to feel uncomfortable with uncertainty and contingency, and so we gravitate to a position after a short time even if we have no new …

- Charles Hugh Smith

Once a citizen receives a direct payment from the state, the state has purchased their complicity

- Charles Hugh Smith