{"id":31032,"date":"2018-02-15T07:29:56","date_gmt":"2018-02-15T12:29:56","guid":{"rendered":"http:\/\/olduvai.ca\/?p=31032"},"modified":"2018-02-15T07:29:56","modified_gmt":"2018-02-15T12:29:56","slug":"the-u-s-deficit-is-beyond-control-markets-dont-like-long-term-government-insolvency","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=31032","title":{"rendered":"The U.S. Deficit Is Beyond Control: Markets Don\u2019t Like Long-Term Government Insolvency"},"content":{"rendered":"<h3><a href=\"http:\/\/www.shtfplan.com\/headline-news\/the-u-s-deficit-is-beyond-control-markets-dont-like-long-term-government-insolvency_02142018\">The U.S. Deficit Is Beyond Control: Markets Don\u2019t Like Long-Term Government Insolvency<\/a><\/h3>\n<div>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-54911\" src=\"http:\/\/shtfplan.com\/wp-content\/uploads\/2018\/02\/johnwilliams-e1518621495750.jpg\" alt=\"johnwilliams\" width=\"560\" height=\"323\" \/><\/p>\n<p>Economist John Williams sat down with <a href=\"https:\/\/usawatchdog.com\/fed-triggered-stock-sell-off-dollar-next-john-williams\/\" target=\"_blank\" rel=\"noopener\"><em>USA Watchdog<\/em><\/a>\u2018s Greg Hunter to discuss the dire state of the dollar and United States economy.\u00a0 The monetary path the US is on\u00a0is out of control, and the unwillingness of government officials to reduce the deficit and stop spending money will cause major problems in the very near future.<\/p>\n<p><a href=\"http:\/\/www.shtfplan.com\/headline-news\/is-washington-nuts-increasing-spending-and-cutting-taxes-will-explode-the-size-of-the-national-debt_02092018\" target=\"_blank\" rel=\"noopener\">Years of socialist policies and reckless spending<\/a> will eventually end in a complete collapse. Williams is not the only economist to sound the alarm either. As the tax cuts are always positive (people keeping more of their money is always good for the economy) the unwillingness to decrease the size and scope of the government with an expanded deficit will be the downfall of a once great nation.<\/p>\n<p>The interview with Williams begins with him declaring the drop in the stock market to be the fault of the federal reserve. \u201cDid the Fed trigger this most recent round of selling?\u201d asks Hunter.<\/p>\n<blockquote><p>\u201cIt looks like it. If you recall, the story was, bond yields are rising. Rising bond yields means someone\u2019s selling bonds. The Fed wasn\u2019t actually selling bonds, they just were not rolling over the bonds that they normally would\u2026<strong>I think you\u2019re gonna see the dollar selling off very rapidly and gold rallying as a flight to safe\u00a0haven.\u201d<\/strong><\/p><\/blockquote>\n<p>Then the discussion of the tax cuts comes up, as Hunter asks Williams to deliver his take on the lower taxes.<\/p>\n<blockquote><p>\u201c<strong>The tax cuts are generally positive. Anytime you cut taxes that is generally a plus for the economy. The problem is the average guy is still not making ends meet.<\/strong> Anything that increases the disposable income is a plus.<\/p><\/blockquote>\n<\/div>\n<p>&#8230;click on the above link to read the rest of the article&#8230;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The U.S. Deficit Is Beyond Control: Markets Don\u2019t Like Long-Term Government Insolvency Economist John Williams sat down with USA Watchdog\u2018s Greg Hunter to discuss the dire state of the dollar and United States economy.\u00a0 The monetary path the US is on\u00a0is out of control, and the unwillingness of government officials to reduce the deficit and [&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":[195,8211,8757,459,6489,534,6490,2799,18572,18573],"class_list":["post-31032","post","type-post","status-publish","format-standard","hentry","category-economics","tag-debt","tag-government-insolvency","tag-greg-hunter","tag-john-williams","tag-mac-slavo","tag-monetary-policy","tag-shtfplan-com","tag-socialism","tag-us-deficit","tag-use-watchdog"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/31032","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=31032"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/31032\/revisions"}],"predecessor-version":[{"id":31033,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/31032\/revisions\/31033"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=31032"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=31032"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=31032"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}