{"id":17944,"date":"2016-02-18T11:51:02","date_gmt":"2016-02-18T16:51:02","guid":{"rendered":"http:\/\/olduvai.ca\/?p=17944"},"modified":"2016-02-18T11:51:02","modified_gmt":"2016-02-18T16:51:02","slug":"hungarian-central-bank-hoards-200000-bullets-hundreds-of-guns-due-to-security-risks","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=17944","title":{"rendered":"Hungarian Central Bank Hoards 200,000 Bullets, Hundreds Of Guns Due To “Security Risks”"},"content":{"rendered":"

Hungarian Central Bank Hoards 200,000 Bullets, Hundreds Of Guns Due To “Security Risks”<\/a><\/h3>\n
If we learned anything last September it\u2019s that Janet Yellen\u2019s reaction function now includes domestic and global financial markets.<\/div>\n
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Well that,\u00a0and we learned that Hungarian PM Viktor Orban isn\u2019t playing around when it comes to Europe\u2019s worsening refugee crisis<\/strong>. While everyone else in Europe was busy trying to figure out how to accommodate the millions of asylum seekers fleeing the war-torn Mid-East, Orban simply built a razor wire border fence.<\/p>\n

And then he built another one.<\/p>\n

And then, when migrants tried to breach his barriers, he met them with water cannons and tear gas. This was the scene:<\/p>\n

\"\"<\/p>\n

\"\"<\/p>\n

\u201cProblem\u201d solved.<\/p>\n

So clearly, Hungary isn\u2019t playing around when it comes to security, but as it turns out,\u00a0migrant-be-gone<\/em>\u00a0fences and tear gas aren\u2019t sufficient in today\u2019s dangerous security environment and so,\u00a0the Hungarian central bank is stockpiling guns and ammo<\/strong>.<\/p>\n

No, really.<\/p>\n

\u201cHungary\u2019s central bank, already facing criticism for a spending spree ranging from real estate to fine art, is now beefing up its security force, citing Europe\u2019s migrant crisis and potential bomb threats among the reasons,\u201d\u00a0Bloomberg writes<\/a>. \u201cThe National Bank of Hungary bought 200,000 rounds of live ammunition and 112 handguns for its security company<\/strong>, according to documents posted on a\u00a0website<\/a>\u00a0for public procurements.\u201d<\/p>\n

Why, you might fairly ask, does the central bank need 200,000 bullets and hundreds of guns? Because of \u201cinternational security risks<\/strong>,\u201d central bank Governor Gyorgy Matolcsy says.<\/p>\n

As Bloomberg goes on to note, “the security measures added to public\u00a0scrutiny\u00a0of the running of the bank, which under Matolcsy – an Orban ally – earmarked 200 billion forint ($718 million) to\u00a0set up foundations to teach alternatives to what he called ‘outdated neoliberal’ economics<\/strong>.”<\/p>\n

Well, the central bank could be championing worse things. They could be teaching Keynes and stockpiling fiat money. Instead, they’re doing away with neoliberalism and hoarding guns and ammo.<\/p>\n

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

Hungarian Central Bank Hoards 200,000 Bullets, Hundreds Of Guns Due To “Security Risks” If we learned anything last September it\u2019s that Janet Yellen\u2019s reaction function now includes domestic and global financial markets. Well that,\u00a0and we learned that Hungarian PM Viktor Orban isn\u2019t playing around when it comes to Europe\u2019s worsening refugee crisis. While everyone else […]<\/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":[12473,408,451,12475,6996,668,12474,853,857,4318],"class_list":["post-17944","post","type-post","status-publish","format-standard","hentry","category-economics","tag-hungarian-central-bank","tag-hungary","tag-janet-yellen","tag-national-bank-of-hungary","tag-neoliberalism","tag-real-estate","tag-security-risk","tag-viktor-orban","tag-vladimir-putin","tag-zerohedge"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/17944","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=17944"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/17944\/revisions"}],"predecessor-version":[{"id":17945,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/17944\/revisions\/17945"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=17944"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=17944"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=17944"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}