{"id":19410,"date":"2016-04-01T19:27:45","date_gmt":"2016-04-02T00:27:45","guid":{"rendered":"http:\/\/olduvai.ca\/?p=19410"},"modified":"2016-04-01T19:39:14","modified_gmt":"2016-04-02T00:39:14","slug":"we-are-exiting-the-eye-of-the-giant-financial-hurricane","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=19410","title":{"rendered":"We are exiting the eye of the giant financial hurricane"},"content":{"rendered":"<h3><a href=\"http:\/\/www.internationalman.com\/articles\/doug-casey-on-making-the-most-of-your-personal-freedom-and-financial-opport\" target=\"_blank\">We are exiting the eye of the giant financial hurricane<\/a><\/h3>\n<p>(<em>Editor\u2019s Note: This is Doug Casey\u2019s foreword to\u00a0<a href=\"http:\/\/www.caseyresearch.com\/go\/uxt9q-2\/MAN\" target=\"_blank\">Casey Research\u2019s Handbook for Surviving the Coming Financial Crisis<\/a>.)<\/em><\/p>\n<p>Right now, we are exiting the eye of the giant financial hurricane that we entered in 2007, and we\u2019re going into its trailing edge.<\/p>\n<p>It\u2019s going to be much more severe, different, and longer lasting than what we saw in 2008 and 2009.<\/p>\n<p>In a desperate attempt to stave off a day of financial reckoning during the 2008 financial crisis, global central banks began printing trillions of new currency units. The printing continues to this day.<\/p>\n<p>It\u2019s not just the Federal Reserve that\u2019s printing. The Fed is just the leader of the pack. The U.S., Japan, Europe, China\u2026 all major central banks\u2026 are participating in the biggest increase in global monetary units in history.<\/p>\n<p>These reckless policies have produced not just billions but trillions in malinvestment that will inevitably be liquidated. This will lead us to an economic disaster that will, in many ways, dwarf the Great Depression of 1929\u20131946. Paper currencies will fall apart, as they have many times throughout history.<\/p>\n<p>This isn\u2019t some vague prediction about the future. It\u2019s happening right now. The Canadian dollar has lost 25% of its value since 2013. The Australian dollar has lost 30% of its value during the same time. The Japanese yen and the euro have crashed in value. And the U.S. dollar is currently just the healthiest horse on its way to the glue factory.<\/p>\n<p>These are gigantic losses for major currencies. After all, we\u2019re not talking about small volatile stocks. We\u2019re talking about the value of money in peoples\u2019 bank accounts. These moves show we\u2019re in the early stages of a currency crisis.<\/p>\n<p>At this point, it\u2019s a lock cinch that the world\u2019s premier paper currency \u2013 the U.S. dollar \u2013 will lose nearly all its value.<\/p>\n<p>&#8230;click on the above link to read the rest of the article&#8230;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>We are exiting the eye of the giant financial hurricane (Editor\u2019s Note: This is Doug Casey\u2019s foreword to\u00a0Casey Research\u2019s Handbook for Surviving the Coming Financial Crisis.) Right now, we are exiting the eye of the giant financial hurricane that we entered in 2007, and we\u2019re going into its trailing edge. It\u2019s going to be much [&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":[3493,6227,303,305,13221,10341,383,6228,534],"class_list":["post-19410","post","type-post","status-publish","format-standard","hentry","category-economics","tag-currency-depreciation","tag-doug-casey","tag-fed","tag-federal-reserve","tag-financial-hurricane","tag-financial-reckoning","tag-great-depression","tag-international-man","tag-monetary-policy"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/19410","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=19410"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/19410\/revisions"}],"predecessor-version":[{"id":19411,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/19410\/revisions\/19411"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=19410"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=19410"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=19410"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}