{"id":19835,"date":"2016-04-12T12:08:06","date_gmt":"2016-04-12T17:08:06","guid":{"rendered":"http:\/\/olduvai.ca\/?p=19835"},"modified":"2016-04-12T12:08:06","modified_gmt":"2016-04-12T17:08:06","slug":"the-catastrophic-mismanagement-of-the-economy-the-coming-meltdown","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=19835","title":{"rendered":"The Catastrophic Mismanagement of the Economy & The Coming Meltdown"},"content":{"rendered":"
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The Catastrophic Mismanagement of the Economy & The Coming Meltdown\u00a0<\/a><\/h3>\n<\/div>\n
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\"Draghi<\/a><\/p>\n

\"Cover-PensionWe are finishing up the \u201cPension Crisis \u2013 The Next Nightmare,\u201d which is a special report outlining the next global meltdown. Germany\u2019s\u00a0Federal Finance Minister Schaeuble is now\u00a0openly blaming<\/a>\u00a0Mario Draghi for the electoral success of the AFD in Germany, which is the\u00a0Alternative for Germany\u00a0(In German:\u00a0Alternative f\u00fcr Deutschland<\/em>, AfD). The AFD is a right-wing populist party that is also the Eurosceptic political party in Germany. The AFD has risen from 0% to nearly 40% in about 2 years.<\/p>\n

Additionally, Schaeuble\u00a0seems to be rumbling\u00a0that the ECB is creating a huge problem with negative interest rates. If the ECB does not change its monetary policy radically and soon, Germany will be engulfed in its own major pension crisis. Central banks may be forced to\u00a0raise rates\u00a0to try to bail out pension funds. This has nothing to do with the economic trends.<\/p>\n

The pension crisis is becoming a real nightmare for federal and state budgets and now depend on exceptionally low interest rates while pension funds are going bankrupt. Raising rates to help the pension funds will wipe\u00a0out government budgets. This entire idea of Keynesian economics, which says that government is capable of managing the economy by raising and lowering interest rates, is a complete disaster. These people are incapable of forecasting the economy, as former Secretary of the Treasury\u00a0Larry Summers<\/a>\u00a0openly admitted to Bloomberg TV. Those who think they are endowed with magical powers to manipulate society have created a complete mess and they are too brain-dead to realize the consequences. Our computer is extremely bearish on government. The turning point (2015.75) was the\u00a0PEAK IN GOVERNMENT. Ever since that turning point, we have begun the downhill move that is destined to collapse into January 2020 (2020.05).<\/p>\n

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

The Catastrophic Mismanagement of the Economy & The Coming Meltdown\u00a0 We are finishing up the \u201cPension Crisis \u2013 The Next Nightmare,\u201d which is a special report outlining the next global meltdown. Germany\u2019s\u00a0Federal Finance Minister Schaeuble is now\u00a0openly blaming\u00a0Mario Draghi for the electoral success of the AFD in Germany, which is the\u00a0Alternative for Germany\u00a0(In German:\u00a0Alternative f\u00fcr […]<\/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":[5496,124,233,279,282,284,359,467,1044,5479,534,558,13381],"class_list":["post-19835","post","type-post","status-publish","format-standard","hentry","category-economics","tag-armstrong-economics","tag-central-banks","tag-ecb","tag-eu","tag-european-central-bank","tag-european-union","tag-germany","tag-keynesian-economics","tag-mario-draghi","tag-martin-armstrong","tag-monetary-policy","tag-negative-interest-rates","tag-wolfgang-schauble"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/19835","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=19835"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/19835\/revisions"}],"predecessor-version":[{"id":19836,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/19835\/revisions\/19836"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=19835"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=19835"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=19835"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}