{"id":1098,"date":"2014-11-04T12:59:48","date_gmt":"2014-11-04T17:59:48","guid":{"rendered":"http:\/\/olduvai.ca\/?p=1098"},"modified":"2014-11-04T12:59:48","modified_gmt":"2014-11-04T17:59:48","slug":"japans-the-tinder-that-set-the-worlds-bad-news-on-fire-the-automatic-earth","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=1098","title":{"rendered":"Japan’s The Tinder That Set The World’s Bad News On Fire – The Automatic Earth"},"content":{"rendered":"

Japan’s The Tinder That Set The World’s Bad News On Fire – The Automatic Earth<\/a>.<\/p>\n

I can do this in just about random order, the idea should still shine through, and crystal clear at that. We\u2019re on the verge not of a market correction, but of something much bigger. All it takes to know that is to connect a few dots. Ironically, the very same financial press that reports on the dots, refuses to connect them. Don\u2019t they see it, or don\u2019t they want to? It\u2019s not even a very interesting question anymore: they\u2019ll end up commenting only in hindsight.<\/p>\n

What happens today in Japan is both a sign of what\u2019s wrong with the entire global financial system, and at the same time the catalyst that will help bring that system to its knees. Japan goes where no man has gone before, because it\u2019s further down the gutter than the rest. But they will all follow. Japan thinks it can escape collapse if the US does fine, and vice versa, and the same goes for China, Europe etc., but none of them can survive the big blow by themselves, let alone that one of them could lift any of the others up by the hair on their heads. It\u2019s a desperate mirage. When you hear anyone say the US will lift up the world economy, switch your channel. Unless you\u2019re already at Comedy Central.<\/p>\n

Here\u2019s the litany for the day: China prints $25 trillion and buys Portugal. Japan\u2019s national debt is 750% of tax revenue. US first time homebuyers are at a 27 year low. 40.5% of Greek children grow up in poverty, as Greece is part of the eurozone that should take care of all citizens. In the UK 72% of 18-21-year olds make less than a living wage. US and Japanese QE leads to \u2018consumers\u2019 spending less, which is the exact opposite of what QE is supposed to be intended for. China is trapped in the newfangled currency war Japan\u2019s QE has unleashed across Asia, and which will soon be exported across the globe.<\/p>\n

…click on the above link to read the rest of the article…<\/div>\n","protected":false},"excerpt":{"rendered":"

Japan’s The Tinder That Set The World’s Bad News On Fire – The Automatic Earth. I can do this in just about random order, the idea should still shine through, and crystal clear at that. We\u2019re on the verge not of a market correction, but of something much bigger. All it takes to know that […]<\/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":[195,236,500,741],"class_list":["post-1098","post","type-post","status-publish","format-standard","hentry","category-economics","tag-debt","tag-economic-collapse","tag-market-collapse","tag-sovereign-debt"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/1098","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=1098"}],"version-history":[{"count":0,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/1098\/revisions"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1098"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1098"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1098"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}