{"id":2424,"date":"2014-12-04T06:27:47","date_gmt":"2014-12-04T11:27:47","guid":{"rendered":"http:\/\/olduvai.ca\/?p=2424"},"modified":"2014-12-04T06:27:47","modified_gmt":"2014-12-04T11:27:47","slug":"we-are-all-in-a-ponzi-world-right-now-hoping-to-get-bailed-out-by-the-next-person-zero-hedge","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=2424","title":{"rendered":"&#8220;We Are All In A Ponzi-World Right Now, Hoping To Get Bailed-Out By The Next Person&#8221; | Zero Hedge"},"content":{"rendered":"<p><a href=\"http:\/\/www.zerohedge.com\/news\/2014-12-03\/we-are-all-ponzi-world-right-now-hoping-get-bailed-out-next-person\">&#8220;We Are All In A Ponzi-World Right Now, Hoping To Get Bailed-Out By The Next Person&#8221; | Zero Hedge<\/a>.<\/p>\n<p style=\"margin-top: 0.25em; margin-bottom: 0.75em; display: block;\">One of the most important Zero Hedge posts of the last few years was\u00a0<strong><a style=\"text-decoration: none; color: #1e439a;\" href=\"http:\/\/www.zerohedge.com\/news\/muddle-through-has-failed-bcg-says-there-may-be-only-painful-ways-out-crisis\"><em>&#8220;The &#8220;Muddle Through&#8221; Has Failed: BCG Says &#8220;There May Be Only Painful Ways Out Of The Crisis&#8221;&#8221;<\/em><\/a><\/strong>\u00a0where The Boston Consulting Group (BCG) helped explain how the economic establishment is trying everything to move the system further with ever more cheap money and debt, why this will fail, and the inevitable wealth taxes that will be imposed to refloat the system from the ashes.<\/p>\n<p style=\"margin-top: 0.25em; margin-bottom: 0.75em; display: block;\">One of the authors of the\u00a0<a style=\"text-decoration: none; color: #1e439a;\" href=\"http:\/\/www.zerohedge.com\/news\/muddle-through-has-failed-bcg-says-there-may-be-only-painful-ways-out-crisis\">infamous &#8220;Back to Mesopotamia&#8221; report<\/a>\u00a0<em>(if 1984 is the instruction manual for political leaders, then this is the instruction manual for monetary leaders)<\/em>\u00a0was BCG senior partner Daniel Stetler,\u00a0<a style=\"text-decoration: none; color: #1e439a;\" href=\"http:\/\/think-beyondtheobvious.com\/\">now blogger<\/a>, and\u00a0<a style=\"text-decoration: none; color: #1e439a;\" href=\"http:\/\/www.amazon.de\/Die-Schulden-21-Jahrhundert-Jahrhundert-22\/dp\/3956010779\/ref=pd_sim_b_2?ie=UTF8&amp;refRID=17ZDBX920VMQFX9TEYPC\">author &#8220;Debt In The 21st Century&#8221;<\/a>\u00a0who sees debt and leverage as the main factors driving wealth and inequality &#8211; a fact clearly overloked by Piketty.<\/p>\n<p style=\"margin-top: 0.25em; margin-bottom: 0.75em; display: block;\"><a style=\"text-decoration: none; color: #1e439a;\" href=\"http:\/\/janelanaweb.com\/trends\/we-all-are-in-a-ponzi-world-right-now-hoping-to-be-bailed-out-by-the-next-person-interview-with-daniel-stelter\/\">Stetler was recently interviewed by Portugal&#8217;s Janela na web magazine,<\/a>\u00a0his insights are significant and worrisome&#8230;<\/p>\n<p style=\"margin-top: 0.25em; margin-bottom: 0.75em; display: block;\">&#8230;click on the above link to read the rest of the article&#8230;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;We Are All In A Ponzi-World Right Now, Hoping To Get Bailed-Out By The Next Person&#8221; | Zero Hedge. One of the most important Zero Hedge posts of the last few years was\u00a0&#8220;The &#8220;Muddle Through&#8221; Has Failed: BCG Says &#8220;There May Be Only Painful Ways Out Of The Crisis&#8221;&#8221;\u00a0where The Boston Consulting Group (BCG) helped [&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":[1618,1617,195,1616],"class_list":["post-2424","post","type-post","status-publish","format-standard","hentry","category-economics","tag-bcg","tag-boston-consulting-group","tag-debt","tag-ponzi-scheme"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/2424","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=2424"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/2424\/revisions"}],"predecessor-version":[{"id":2425,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/2424\/revisions\/2425"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2424"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2424"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2424"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}