{"id":35395,"date":"2018-06-23T08:36:36","date_gmt":"2018-06-23T13:36:36","guid":{"rendered":"http:\/\/olduvai.ca\/?p=35395"},"modified":"2018-06-23T08:36:41","modified_gmt":"2018-06-23T13:36:41","slug":"ike-was-right","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=35395","title":{"rendered":"Ike was right!"},"content":{"rendered":"
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Ike was right!<\/a><\/h3>\n<\/div>\n<\/div>\n<\/div>\n<\/section>\n
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POITOU, FRANCE \u2013 We wait for the world to fall apart.<\/p>\n

The Dow is still more than 1,000 points below its high; so we presume the primary trend is down. Treasury yields \u2013 on the 10-year note \u2013 are near 3%\u2026 twice what they were two years ago. So we presume the primary trend for bonds is down, too.<\/p>\n

If we\u2019re right, we are at the beginning of a long slide\u2026 down, down, down\u2026 into chaos, destitution, and destruction.<\/p>\n

Faked Out<\/strong><\/p>\n

Our working hypothesis is that General Eisenhower was right. There were two big temptations to the American Republic of the 1950s; subsequent generations gave in to both of them.<\/p>\n

They spent their children\u2019s and grandchildren\u2019s money. Now, the country has a government debt of $21 trillion. That\u2019s up from $288 billion when Ike left the White House.<\/p>\n

And they allowed the \u201cunwarranted influence\u201d of the \u201cmilitary\/industrial complex\u201d to grow into a monster. No president, no matter how good his intentions, can stop it.<\/p>\n

A corollary to our major hypothesis is that the rise of the Deep State (the military\/industrial\/social welfare\/security\/prison\/medical care\/education\/bureaucrat\/crony complex) was funded by the Fed\u2019s fake-money system.<\/p>\n

Now, investors, businesses, households, and the feds themselves have all been \u201cfaked out\u201d by a fraudulent money system. None of them can survive a cutback in credit.<\/p>\n

For nearly 30 years, central banks have backstopped markets and flooded the world with liquidity.<\/p>\n

But last week, the Fed turned the screws a little further. It now targets a 2% Fed Funds Rate and claims to be on the path of \u201cnormalization.\u201d<\/p>\n

And the European Central Bank (ECB) made it official, too; it hasn\u2019t quite begun tightening, but it\u2019s got its toolbox open. And command of the ECB work crew is set to change hands next year anyway, passing on to a German engineer.<\/p>\n

\u2026click on the above link to read the rest of the article\u2026<\/p>\n<\/div>\n<\/section>\n","protected":false},"excerpt":{"rendered":"

Ike was right! POITOU, FRANCE \u2013 We wait for the world to fall apart. The Dow is still more than 1,000 points below its high; so we presume the primary trend is down. Treasury yields \u2013 on the 10-year note \u2013 are near 3%\u2026 twice what they were two years ago. So we presume the […]<\/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":[2,5,6],"tags":[6190,10519,124,12165,233,282,303,20620,15620,528,3650],"class_list":["post-35395","post","type-post","status-publish","format-standard","hentry","category-economics","category-geopolitics","category-liberty","tag-bill-bonner","tag-bonner-and-partners","tag-central-banks","tag-dwight-d-eisenhower","tag-ecb","tag-european-central-bank","tag-fed","tag-ike","tag-mic","tag-military-industrial-complex","tag-us-federal-reserve"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/35395","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=35395"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/35395\/revisions"}],"predecessor-version":[{"id":35396,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/35395\/revisions\/35396"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=35395"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=35395"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=35395"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}