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Quote by 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 concentrations of wealth and power, precarious systemic imbalances, ruthless exploitation, and command economies mismanaged by Central State/Bank policy and manipulation.”

Quote by Charles Hugh Smith

Author

Charles Hugh Smith

Charles Hugh Smith, born on December 5, 1953, is a renowned writer focusing on economic, social, and cultural trends. His work is known for its unique perspective and in-depth analysis. more

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“So now that the illusion of infinite growth is being exposed, the corresponding ballooning entitlements that enticed the larger public to become complicit in the illusion are becoming unglued.”

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“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 artifacts of currency devaluation, not an increase in efficiency or production of goods and services.”

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“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 measure of the economy, the stock market? How often does accepting illusion help us navigate real life? Short answer: never.”

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“What is needed is not a revolution in the opposite direction, but the opposite of a revolution.”

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“We protest solemnly in the face of mankind, that we desire peace at any sacrifice, save that of honor.”

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“Government is about stealing and nothing else. That's all it's ever been about. That's all it'll ever be about.”

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