ICYMI, author, commentator and volcanic Big Island of Hawaii resident Charles Hugh Smith joined the RogueMoney radio program on May 22, 2018. In this interview CHS discusses money and the fiat creation of it by central banks as the root of the socio-economic breakdown we see around the world. By offering decentralization and diversity of money supplies, CHS says, crypto currencies can provide a way out of the current global crisis.
The proliferation of self-destructive behaviors, choices and incentives in our socio-economic system is profoundly troubling. Exhibit 1 is the opioid epidemic (charts in the original story). How did we reach this level of individual and social self-destruction?
Yet at the same time, we read that "Something Is Very Wrong With The Global Economy":Richest 1% Made 82% Of Global Wealth In 2017 and are asked, Can the World Survive a Winner-Take-All Global Economy?
RogueMoney is pleased to add a new contributor who has kindly agreed to share his work with us, and he's a familiar guest: Charles Hugh Smith.