{"id":14711,"date":"2015-11-24T07:21:46","date_gmt":"2015-11-24T12:21:46","guid":{"rendered":"http:\/\/olduvai.ca\/?p=14711"},"modified":"2015-11-24T07:21:46","modified_gmt":"2015-11-24T12:21:46","slug":"the-u-s-dollar-has-already-caused-a-global-recession-and-now-the-fed-is-going-to-make-it-worse-2","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=14711","title":{"rendered":"The U.S. Dollar Has Already Caused A Global Recession And Now The Fed Is Going To Make It Worse"},"content":{"rendered":"<h3><a href=\"http:\/\/theeconomiccollapseblog.com\/archives\/the-u-s-dollar-has-already-caused-a-global-recession-and-now-the-fed-is-going-to-make-it-worse\" target=\"_blank\">The U.S. Dollar Has Already Caused A Global Recession And Now The Fed Is Going To Make It Worse<\/a><\/h3>\n<p><a href=\"http:\/\/theeconomiccollapseblog.com\/archives\/the-u-s-dollar-has-already-caused-a-global-recession-and-now-the-fed-is-going-to-make-it-worse\/dollar-hands-public-domain\" rel=\"attachment wp-att-9485\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-large wp-image-9485\" src=\"http:\/\/theeconomiccollapseblog.com\/wp-content\/uploads\/2015\/11\/Dollar-Hands-Public-Domain-460x310.jpg\" alt=\"Dollar Hands - Public Domain\" width=\"460\" height=\"310\" \/><\/a>The 7th largest economy on the entire planet, Brazil, has been gripped by a horrifying recession, as has much of the rest of South America.\u00a0 But it isn\u2019t just South America that is experiencing a very serious economic downturn.\u00a0 We have just learned that Japan (the third largest economy in the world)\u00a0<a title=\"has lapsed into recession\" href=\"https:\/\/ca.news.yahoo.com\/japan-relapses-recession-july-sept-blow-abenomics-004103007--business.html\" target=\"_blank\">has lapsed into recession<\/a>.\u00a0 So has\u00a0<a title=\"Canada\" href=\"http:\/\/www.businessinsider.com\/canada-in-recession-2015-9\" target=\"_blank\">Canada<\/a>.\u00a0 So has Russia.\u00a0 The dominoes are starting to fall, and it looks like the global economic crisis that has already started is going to accelerate as we head into the end of the year.\u00a0 At this point, global trade is already down\u00a0<a title=\"about 8.4 percent\" href=\"http:\/\/theeconomiccollapseblog.com\/archives\/we-have-never-seen-global-trade-collapse-this-dramatically-outside-of-a-major-recession\">about 8.4 percent<\/a>\u00a0for the year, and last week the Baltic Dry Shipping Index plummeted\u00a0<a title=\"to a brand new all-time record low\" href=\"http:\/\/theeconomiccollapseblog.com\/archives\/the-baltic-dry-shipping-index-just-collapsed-to-an-all-time-record-low\">to a brand new all-time record low<\/a>.\u00a0 Unfortunately for all of us, the Federal Reserve is about to do something that will make this global economic slowdown even worse.<\/p>\n<p>Throughout 2015, the U.S. dollar has been getting stronger.\u00a0 That sounds like good news, but the truth is that it is not.\u00a0 When the last financial crisis ended, emerging markets went on a debt binge unlike anything we have ever seen before.\u00a0 But much of that debt was denominated in U.S. dollars, and now this is creating a massive problem.\u00a0 As the U.S. dollar has risen, the prices that many of these emerging markets are getting for the commodities that they export have been declining.\u00a0 Meanwhile, it is taking much more of their own local currencies to pay back and service all of the debts that they have accumulated.\u00a0 Similar conditions contributed to the Latin American debt crisis of the 1980s, the Asian currency crisis of the 1990s and the global financial crisis of 2008 and 2009.<\/p>\n<p>&#8230;click on the above link to read the rest of the article&#8230;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The U.S. Dollar Has Already Caused A Global Recession And Now The Fed Is Going To Make It Worse The 7th largest economy on the entire planet, Brazil, has been gripped by a horrifying recession, as has much of the rest of South America.\u00a0 But it isn\u2019t just South America that is experiencing a very [&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":[90,5983,305,312,4129,4901,827,839,8707],"class_list":["post-14711","post","type-post","status-publish","format-standard","hentry","category-economics","tag-brazil","tag-economiccollapseblog","tag-federal-reserve","tag-financial-crisis","tag-global-recession","tag-michael-snyder","tag-united-states","tag-us-dollar","tag-us-fed"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/14711","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=14711"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/14711\/revisions"}],"predecessor-version":[{"id":14712,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/14711\/revisions\/14712"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=14711"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=14711"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=14711"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}