{"id":1049,"date":"2014-11-03T08:51:47","date_gmt":"2014-11-03T13:51:47","guid":{"rendered":"http:\/\/olduvai.ca\/?p=1049"},"modified":"2014-11-03T08:51:47","modified_gmt":"2014-11-03T13:51:47","slug":"most-people-cannot-even-imagine-that-an-economic-collapse-is-coming","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=1049","title":{"rendered":"Most People Cannot Even Imagine That An Economic Collapse Is Coming"},"content":{"rendered":"<p><a href=\"http:\/\/theeconomiccollapseblog.com\/archives\/most-people-cannot-even-imagine-that-an-economic-collapse-is-coming\">Most People Cannot Even Imagine That An Economic Collapse Is Coming<\/a>.<\/p>\n<p style=\"display: block; padding: 0px; margin: 1em 0px 1em 0px;\">The idea that the United States is on the brink of a horrifying economic crash is absolutely inconceivable to most Americans.\u00a0 After all, the economy has been relatively stable for quite a few years and the stock market continues to surge to new heights.\u00a0 On Friday, the Dow and the S&amp;P 500 both closed at brand new all-time record highs.\u00a0 For the year, the S&amp;P 500 is now up 9 percent and the Nasdaq is now up close to 11 percent.\u00a0 And American consumers are getting ready to spend\u00a0<a style=\"color: #4f809e; font-weight: bold; text-decoration: none;\" title=\"more than 600 billion dollars\" href=\"http:\/\/theeconomiccollapseblog.com\/archives\/guess-how-much-americans-plan-to-spend-on-christmas-and-halloween-this-year\">more than 600 billion dollars<\/a>\u00a0this Christmas season.\u00a0 That is an amount of money that is larger than the entire economy of Sweden.\u00a0 So how in the world can anyone be talking about economic collapse?\u00a0 Yes, many will concede, we had a few bumps in the road back in 2008 but things have pretty much gotten back to normal since then.\u00a0 Why be concerned about economic collapse when there is so much stability all around us?<\/p>\n<p style=\"display: block; padding: 0px; margin: 1em 0px 1em 0px;\">Unfortunately, this brief period of stability that we have been enjoying is just an illusion.<\/p>\n<p style=\"display: block; padding: 0px; margin: 1em 0px 1em 0px;\">The fundamental problems that caused the financial crisis of 2008 have not been fixed.\u00a0 In fact, most of our long-term economic problems have gotten even worse.<\/p>\n<p style=\"display: block; padding: 0px; margin: 1em 0px 1em 0px;\">But most Americans have such short attention spans these days.\u00a0 In a world where we are accustomed to getting everything instantly, news cycles only last for 48 hours and 2008 might as well be an eternity ago.<\/p>\n<p style=\"display: block; padding: 0px; margin: 1em 0px 1em 0px;\">In the United States today, our entire economic system is based on debt.<\/p>\n<p style=\"display: block; padding: 0px; margin: 1em 0px 1em 0px;\">&#8230;click on the above link to read the rest of the article&#8230;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Most People Cannot Even Imagine That An Economic Collapse Is Coming. The idea that the United States is on the brink of a horrifying economic crash is absolutely inconceivable to most Americans.\u00a0 After all, the economy has been relatively stable for quite a few years and the stock market continues to surge to new heights.\u00a0 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[236,244,500],"class_list":["post-1049","post","type-post","status-publish","format-standard","hentry","category-economics","tag-economic-collapse","tag-economics-2","tag-market-collapse"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/1049","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1049"}],"version-history":[{"count":0,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/1049\/revisions"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1049"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1049"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1049"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}