Double Feature Pt. 2: Deutsche Bank Report on “The Age of Disorder” w/ Charles Hugh Smith

From Today's Double Feature Episode - Charles Hugh Smith on Deutsche Bank's "Age of Disorder" Report (Request Was Made to Break the Episode Into Two Parts; I'm Happy to Oblige) Charles Hugh Smith of the Of Two Minds blog, which ranked at #7 on CNBC's list of the top alternative financial websites, and author of A Hacker's Teleology: Sharing the Wealth of Our Shrinking Planet joins us to discuss a Deutsche Bank report by Jim Reid warning of a forthcoming "Age of Disorder" that will disrupt and reverse the trends of globalization over the past few decades. For the unfamiliar, Deutsche Bank, which has come under scrutiny in recent years due to it's relationship with President Donald Trump, is the #17th largest bank in the entire world. As such it is important to understand this report and what it is saying. Charles fills us in and also discusses how this report ties into the generational cycles theory of historian Peter Turchen and Nicholas Nassim Taleb's thinking about fragility and anti-fragility. Charles believes we are living in what could more accurately, in his estimation, be called an "Age of Uncertainty" and details how we reached this point of grotesque economic inequality where the top 0.01% own more than the bottom 80%. Can we move in a different direction? Charles thinks so, but not through past ideologies that were popular in the 20th century.