Charles Hugh Smith explains in simple terms the key financial problem now facing so many developed countries. This is the underlying long term development of how government finances have typically evolved. It is unfortunate that it is so poorly understood.
Read More

Dollars Distort Our Understanding of Wealth
Most investors measure wealth in dollars — but what if the ruler itself is shrinking? Since 2000, the S&P 500 is up nearly 5x in dollar terms, yet priced in

