{"id":21082,"date":"2016-06-18T15:45:03","date_gmt":"2016-06-18T20:45:03","guid":{"rendered":"http:\/\/olduvai.ca\/?p=21082"},"modified":"2016-06-18T15:45:03","modified_gmt":"2016-06-18T20:45:03","slug":"sometimes-you-just-have-to-go-with-the-flow-when-nothing-flows","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=21082","title":{"rendered":"Sometimes You Just Have to Go With the Flow When Nothing Flows"},"content":{"rendered":"
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Sometimes You Just Have to Go With the Flow When Nothing Flows\u00a0<\/a><\/h3>\n<\/div>\n
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\"Todd<\/a>
\n\"Australia-Outback\"<\/a>The central banks are clueless and have no control over the economy. This whole thing reminds me of Australia. I loved going into the Outback, driving through rivers, and seeing ant hills that were taller than the Jeep. I was invited to go to the Todd River Regatta in the middle of the desert. I thought it was a joke. They said, \u201cNo mate! Come on!\u201d<\/p>\n

\"Armstrong<\/p>\n

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I was perplexed at first. How can you have a regatta in the middle of a desert? Well, only Australia could figure that one out. They raced in pretend boats down an ancient river bed where no white man has ever seen water flow. They held the pretend boats up around their waist and raced down the riverbed. It was good fun. I actually joined in on the camel races.<\/p>\n

We have the same thing going on now in politics and finance \u2014 just living the dream. Negative interest rates punish savers, and bankrupt pensions are creating a collapse in socialism that threatens civil unrest on a grand scale beginning next year (2017). Then we have politicians raising taxes and creating mountains of regulations that nobody can figure out without a lawyer and an accountant preventing small businesses from forming. Those who want to always rule the world \u00a0are brain-dead and it is impossible for them to figure out why small businesses are not expanding to create jobs. Duh! They craft pretend theories and run down dried-up riverbeds where there is no water and proclaim to the world they are \u201cstimulating\u201d the economy when they encourage bankers not to lend paying them for excess reserves and then raise taxes because they want to be \u201cfiscally responsible\u201d to the bond holders. You really cannot reconcile these actions and theories. It is just the Todd River Regatta on a grand scale.<\/p>\n

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Sometimes You Just Have to Go With the Flow When Nothing Flows\u00a0 The central banks are clueless and have no control over the economy. This whole thing reminds me of Australia. I loved going into the Outback, driving through rivers, and seeing ant hills that were taller than the Jeep. I was invited to go […]<\/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":[2581,5496,3172,124,260,317,5479,2530,4088,14040],"class_list":["post-21082","post","type-post","status-publish","format-standard","hentry","category-economics","tag-action","tag-armstrong-economics","tag-bankers","tag-central-banks","tag-employment","tag-financial-system","tag-martin-armstrong","tag-regulations","tag-theory","tag-todd-river-regatta"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/21082","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=21082"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/21082\/revisions"}],"predecessor-version":[{"id":21083,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/21082\/revisions\/21083"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=21082"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=21082"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=21082"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}