{"id":11749,"date":"2015-09-03T06:00:17","date_gmt":"2015-09-03T11:00:17","guid":{"rendered":"http:\/\/olduvai.ca\/?p=11749"},"modified":"2015-09-03T06:00:17","modified_gmt":"2015-09-03T11:00:17","slug":"the-case-for-outlawing-cash","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=11749","title":{"rendered":"The Case for Outlawing Cash"},"content":{"rendered":"

The Case for Outlawing Cash<\/a><\/h3>\n

Losing Confidence<\/strong><\/p>\n

GUALFIN, Argentina \u2013 September is here. As expected, market volatility is increasing. The Great Zombie War is intensifying. And investors are getting scared. On Tuesday, the Dow lost 470 points \u2013 a nearly 3% drop. Bloomberg:<\/p>\n

\u201cU.S. stocks joined a worldwide sell-off, after equities\u2019 worst month in more than three years, amid continuing concerns that China\u2019s slowdown will weigh on the global economy.<\/p>\n

\u2018The problem is, as much as China is the catalyst for this, it\u2019s also that we\u2019re seeing weakness in fundamentals here,\u2019 said Matt Maley, an equity strategist at Miller Tabak & Co LLC in New York.<\/p>\n

\u2018A lot of company earnings were hurt by China in the second quarter and it\u2019s only gotten worse. People are losing confidence with the whole situation there breaking down, not just in the stock market but in data as well.\u2019\u201d<\/p><\/blockquote>\n

\"Burning_Money\"Now they even want to do away with the State\u2019s own scrip \u2013 because it might help you to escape the depredations of madcap central bankers.
\nImage credit:\u00a0Stephen Krow<\/a>\u00a0\/ Getty Images<\/p>\n

Yes, investors are losing confidence\u2026they\u2019re probably losing confidence in corporate managers, for instance. Who wants to own stock in companies run by numskulls who buy back shares in their companies at record prices just before a major sell-off?<\/p>\n

\"DJIA,<\/a>The still yo-yoing DJIA \u2013 \u201cinvestors\u201d (we use the term loosely) came back out to play on Wednesday already, via StockCharts, click to enlarge.<\/p>\n

Or maybe they\u2019re wondering whether the world\u2019s $200 trillion in total debt (roughly 300% of total output) can possibly be paid back? Or maybe they\u2019re beginning to puzzle out how scammy and fraudulent the Fed\u2019s policies are.<\/p>\n

…click on the above link to read the rest of the article…<\/p>\n

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The Case for Outlawing Cash Losing Confidence GUALFIN, Argentina \u2013 September is here. As expected, market volatility is increasing. The Great Zombie War is intensifying. And investors are getting scared. On Tuesday, the Dow lost 470 points \u2013 a nearly 3% drop. Bloomberg: \u201cU.S. stocks joined a worldwide sell-off, after equities\u2019 worst month in more […]<\/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":[6275,6190,1035,1034,130,6941,216,834,2442],"class_list":["post-11749","post","type-post","status-publish","format-standard","hentry","category-economics","tag-actingman","tag-bill-bonner","tag-cash","tag-cashless-society","tag-china","tag-chinese-stock-market","tag-dow","tag-us","tag-us-stock-market"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/11749","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=11749"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/11749\/revisions"}],"predecessor-version":[{"id":11750,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/11749\/revisions\/11750"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=11749"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=11749"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=11749"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}