{"id":22130,"date":"2016-11-12T10:30:46","date_gmt":"2016-11-12T15:30:46","guid":{"rendered":"http:\/\/olduvai.ca\/?p=22130"},"modified":"2016-11-12T10:30:46","modified_gmt":"2016-11-12T15:30:46","slug":"get-ready-change-is-upon-us","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=22130","title":{"rendered":"Get Ready… Change Is Upon Us"},"content":{"rendered":"
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Get Ready… Change Is Upon Us<\/a><\/h3>\n
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The ‘economic peace’ we’ve enjoyed for decades is over<\/div>\n
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\u201cAfter four years of warfare that tore the world apart like never before, a peace was finally reached.\u00a0 But it was a peace which one man in particular vociferously condemned \u2014\u00a0and that man was John Maynard Keynes.<\/div>\n<\/blockquote>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n
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In just two months, Keynes wrote the book that would make him a household name around the world \u2014 The Economic Consequences of the Peace.<\/p>\n

In the book, Keynes was highly critical of the deal struck at Versailles, which he felt sure would lead to further conflict in\u00a0Europe \u2014 describing the agreement as a \u201cCarthaginian peace\u201d \u2014 and with the passing of a\u00a0surprisingly short period of time, he would be proven correct.\u201d<\/p>\n

~ Grant Williams in\u00a0The Economic Consequences of Peace<\/a><\/p><\/blockquote>\n

After WWI, a particularly noxious set of treaties and economic reparations agreements were put in place that all but guaranteed a future WWII.\u00a0\u00a0 Mr. Keynes sniffed that out and, sadly, was proven correct.<\/p>\n

The lesson from this is that, at certain times, it\u2019s really not that hard to predict “what” is\u00a0going to happen next after disastrously short-sighted and self-interested policies are enacted. Predicting the “when”, with precision, is much trickier. But obvious misguided economic policies are destined to have a limited period of apparent (but false) prosperity, after which they end with a nasty\u00a0Bang!<\/em>.<\/p>\n

We have entered just such a time. This isn’t a Trump vs. Clinton thing; I’d make this claim regardless of who won this week’s presidential election — as our plight is much bigger than a single Administration. And my observation is that neither political party had much interest beyond some temporary election year lip-service to the economic plight of the middle class.<\/p>\n

And by \u201cmiddle class\u201d I mean anybody not in the top 5% economic bracket. For those doing the math at home, that leaves the remaining 95% of us stuck in the meat grinder.<\/p>\n

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

Get Ready… Change Is Upon Us The ‘economic peace’ we’ve enjoyed for decades is over \u201cAfter four years of warfare that tore the world apart like never before, a peace was finally reached.\u00a0 But it was a peace which one man in particular vociferously condemned \u2014\u00a0and that man was John Maynard Keynes. In just two […]<\/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":[4609,3596,195,7844,246,5376,1429,1120,458,588,2218],"class_list":["post-22130","post","type-post","status-publish","format-standard","hentry","category-economics","tag-change","tag-chris-martenson","tag-debt","tag-donald-trump","tag-economy","tag-election","tag-grant-williams","tag-hillary-clinton","tag-john-maynard-keynes","tag-oil","tag-peak-prosperity"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/22130","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=22130"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/22130\/revisions"}],"predecessor-version":[{"id":22131,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/22130\/revisions\/22131"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=22130"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=22130"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=22130"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}