{"id":28295,"date":"2017-11-25T12:09:16","date_gmt":"2017-11-25T17:09:16","guid":{"rendered":"http:\/\/olduvai.ca\/?p=28295"},"modified":"2017-11-25T12:09:16","modified_gmt":"2017-11-25T17:09:16","slug":"the-old-songs","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=28295","title":{"rendered":"The Old Songs"},"content":{"rendered":"
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The Old Songs<\/a><\/h3>\n<\/div>\n<\/div>\n
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What if the fun and games of 2017 are over? The hidden message behind the sexual harassment freak show of recent weeks is that nothing else is sufficiently serious to occupy the nation\u2019s attention. We\u2019re living in the Year of Suspended Reality, stuck in the sideshow and missing the three-ring circus next door in the big tent.<\/p>\n

It probably all comes down to money. Money represents the mojo to keep on keeping on, and there is probably nothing more unreal in American life these days than the way we measure our money \u2014 literally, what it\u2019s worth, and what everything related to it is worth. So there is nothing more unreal in our national life than the idea that it\u2019s possible to keep on keeping on as we do.<\/p>\n

The weeks ahead may be most illuminating on this score. The debt ceiling suspension runs out on December 8, around the same time that the tax reform question will resolve one way or another. The debt ceiling means that the treasury can\u2019t issue any more bonds, bills, or notes. That is, it can\u2019t borrow any more money to pretend the government can keep running. Normally these days (and it\u2019s really very abnormal), the treasury pawns off paper IOUs to the Federal Reserve and the Fed makes digital entries on various account ledgers that purport to be \u201cmoney.\u201d And, by the way, the Fed is a consortium of private banks not a department of government \u2014 which is surely one of a thousand ways that the public is confused and deceived about what\u00a0condition our condition is in<\/em>, as the old song goes.<\/p>\n

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

The Old Songs What if the fun and games of 2017 are over? The hidden message behind the sexual harassment freak show of recent weeks is that nothing else is sufficiently serious to occupy the nation\u2019s attention. We\u2019re living in the Year of Suspended Reality, stuck in the sideshow and missing the three-ring circus next […]<\/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":[14964,195,303,449,536,6333,827,1796,10147,3650],"class_list":["post-28295","post","type-post","status-publish","format-standard","hentry","category-economics","tag-clusterfuck-nation","tag-debt","tag-fed","tag-james-howard-kunstler","tag-money","tag-private-banks","tag-united-states","tag-us-congress","tag-us-debt-ceiling","tag-us-federal-reserve"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/28295","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=28295"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/28295\/revisions"}],"predecessor-version":[{"id":28296,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/28295\/revisions\/28296"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=28295"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=28295"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=28295"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}