{"id":21834,"date":"2016-09-24T15:26:58","date_gmt":"2016-09-24T20:26:58","guid":{"rendered":"http:\/\/olduvai.ca\/?p=21834"},"modified":"2016-09-24T15:27:16","modified_gmt":"2016-09-24T20:27:16","slug":"hell-to-pay","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=21834","title":{"rendered":"Hell To Pay"},"content":{"rendered":"
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SkillUp\/Shutterstock<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

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Hell To Pay<\/a><\/h3>\n
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The final condition for a market crash is falling into place\u00a0<\/strong><\/div>\n<\/div>\n<\/div>\n<\/div>\n
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Sometimes I wonder if I’m ever going to run out of new things to say about the economy. Nothing interesting has happened in a long time.<\/p>\n

Our liquidity-drunk \u201cmarkets\u201d remain over-priced due to the chronic intervention of the global central banking cartel, which has demonstrated over and over again that it won’t tolerate even the slightest drop in asset prices.<\/p>\n

Those familiar with my writing know I put the word \u201cmarkets\u201d in quotes because we no longer have a financial system where legitimate price discovery is a regular — or even recognizable — feature.<\/p>\n

It’s destined to fail. What more can be said about such a flawed system?<\/p>\n

Well, a lot as it turns out.<\/p>\n

And failure to pay attention at this stage of economic and ecological history will prove to be exceptionally painful.<\/p>\n

The Beginning of the End<\/strong><\/p>\n

It\u2019s been a long 7 years for those of us who believe fundamentals matter.\u00a0 For quite some time they have not.<\/p>\n

So we reality-based fundamentalists have largely been reduced to pointing at the parade of policy failures and ham-fisted market manipulations and saying, essentially,\u00a0That’s just dumb<\/em>.<\/p>\n

But ‘dumb’ mistakes have become ‘stupid’, and ‘stupid’ became ‘idiotic’, and now ‘idiotic’ mistakes are piling up, accumulating into a mountain of stored potential energy that will someday topple destructively across the global markets.\u00a0 We’ve all known, deep down, that money printing is not the same as capital formation, and that prosperity never truly results from redistributing wealth from one group to another. And yet, far too many have been willing to play along and place their trust in the central banks.<\/p>\n

Well, we’ve finally reached the beginning of the end.<\/p>\n

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

SkillUp\/Shutterstock Hell To Pay The final condition for a market crash is falling into place\u00a0 Sometimes I wonder if I’m ever going to run out of new things to say about the economy. Nothing interesting has happened in a long time. Our liquidity-drunk \u201cmarkets\u201d remain over-priced due to the chronic intervention of the global central […]<\/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":[3756,85,5185,88,1799,109,124,3596,175,195,202,233,303,305,1849,317,353,421,426,431,501,536,2218,1138,2731,753,868,3570],"class_list":["post-21834","post","type-post","status-publish","format-standard","hentry","category-economics","tag-boe","tag-boj","tag-bond-market","tag-bonds","tag-bubbles","tag-capital","tag-central-banks","tag-chris-martenson","tag-credit","tag-debt","tag-deflation","tag-ecb","tag-fed","tag-federal-reserve","tag-financial-markets","tag-financial-system","tag-gdp","tag-income","tag-inflation","tag-interest-rates","tag-market-crash","tag-money","tag-peak-prosperity","tag-stock-market","tag-stock-market-crash","tag-stocks","tag-wealth","tag-wealth-gap"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/21834","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=21834"}],"version-history":[{"count":2,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/21834\/revisions"}],"predecessor-version":[{"id":21836,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/21834\/revisions\/21836"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=21834"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=21834"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=21834"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}