{"id":248,"date":"2014-10-19T15:34:45","date_gmt":"2014-10-19T15:34:45","guid":{"rendered":"http:\/\/olduvai.ca\/?p=248"},"modified":"2014-10-19T15:34:45","modified_gmt":"2014-10-19T15:34:45","slug":"dan-amerman-will-our-private-savings-be-sacrificed-to-pay-down-the-public-debt-peak-prosperity","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=248","title":{"rendered":"Dan Amerman: Will Our Private Savings Be Sacrificed To Pay Down The Public Debt? | Peak Prosperity"},"content":{"rendered":"<p><a href=\"http:\/\/www.peakprosperity.com\/podcast\/88132\/dan-amerman-will-our-private-savings-sacrificed-pay-down-public-debt\">Dan Amerman: Will Our Private Savings Be Sacrificed To Pay Down The Public Debt? | Peak Prosperity<\/a>.<\/p>\n<p>Recently, an article by Daniel Amerman caught our attention. Titled\u00a0<a href=\"http:\/\/danielamerman.com\/va\/Repression.html\" target=\"_blank\">Is There A \u201cBack Door\u201d Method For The Government To Pay Down The Federal Debt Using Private Savings?<\/a>, it details the process known as financial repression, where sovereign debts are slowly paid off by syphoning\u00a0private savings from an unaware populace.<\/p>\n<p>In this week&#8217;s podcast, Chris discusses the mechanics of the process, as well as its probability, with Dan:<\/p>\n<blockquote><p>To understand financial repression, we have to understand that we&#8217;ve been there before. Many nations have gone through periods in the past where they&#8217;ve had very high levels of government debt. And there are four traditional ways of dealing with that.<\/p>\n<p>One of them is\u00a0<strong>austerity<\/strong>. Everyone understands that. You raise the tax rates. You lower the government spending. This is a painful choice. It can last for decades. And what do you think the voters think about that?<\/p><\/blockquote>\n<p>&nbsp;<\/p>\n<p>&#8230;click on link above to read the rest of the article&#8230;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Dan Amerman: Will Our Private Savings Be Sacrificed To Pay Down The Public Debt? | Peak Prosperity. Recently, an article by Daniel Amerman caught our attention. Titled\u00a0Is There A \u201cBack Door\u201d Method For The Government To Pay Down The Federal Debt Using Private Savings?, it details the process known as financial repression, where sovereign debts [&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":[40,195,200,304,315,380,702],"class_list":["post-248","post","type-post","status-publish","format-standard","hentry","category-economics","tag-austerity","tag-debt","tag-default","tag-federal-debt","tag-financial-repression","tag-government-debt","tag-savings"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/248","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=248"}],"version-history":[{"count":0,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/248\/revisions"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=248"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=248"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=248"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}