{"id":42900,"date":"2019-01-17T10:35:09","date_gmt":"2019-01-17T15:35:09","guid":{"rendered":"https:\/\/olduvai.ca\/?p=42900"},"modified":"2019-01-17T10:35:09","modified_gmt":"2019-01-17T15:35:09","slug":"what-happens-when-the-yellow-vests-meet-european-debt-crisis-ii","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=42900","title":{"rendered":"What happens when the Yellow Vests meet European Debt Crisis II?"},"content":{"rendered":"
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What happens when the Yellow Vests meet European Debt Crisis II?<\/a><\/h3>\n<\/div>\n
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There is a lot of talk about which economic bubble will burst first and burst the worst (sounds like a gangsta rap song, no?)<\/p>\n

The stock market, real estate, luxury goods, corporate debt and government bond bubbles, and other lesser bubbles, all jockey for the titles. It\u2019s the \u201cEverything Bubble<\/a>\u201d for good reason.<\/p>\n

The \u201cgood reason\u201d is: the 1% owns everything of high value, so if Western governments make it their policy to inflate those valuations even higher, then the 1% regains everything they lost in 2008. Welcome to Western Liberal Democracy \u2013 if you have a seat in the House of Lords I\u2019m sure you\u2019re not suffering too badly.<\/p>\n

Because of that \u201cgood reason\u201d I listed all of these bubbles are worse now than in 2008. Nothing was learned and nothing was delivered: I am not a doomsdayer, but these kind of facts make me write<\/a> that Great Recession II (Great Depression II?) is around the corner.<\/p>\n

However, not all bubbles are created equal:<\/p>\n

The luxury goods bubble, for example. It\u2019s mildly interesting, from a sensational news aspect, that the most expensive bottle of wine is now worth $558,000\u2026but the luxury goods market is a minuscule part of every nation\u2019s \u201creal\u201d economy, excepting France, Italy and Switzerland. Back in 2008 a half-million dollars set the record for largest lot of wine ever \u2013 27 bottles \u2013 so these stories only prove the existence huge asset inflation (bubbles) \u2013 1\/27th in the area of wine sales.<\/p>\n

The stock market bubble is also mainly a rich-person\u2019s problem \u2013 we only hear about it so very often because\u2026the rich own the media in the West, and the coverage thus reflects their interests.<\/p>\n

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

What happens when the Yellow Vests meet European Debt Crisis II? There is a lot of talk about which economic bubble will burst first and burst the worst (sounds like a gangsta rap song, no?) The stock market, real estate, luxury goods, corporate debt and government bond bubbles, and other lesser bubbles, all jockey for […]<\/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":[2,6],"tags":[195,4899,7406,17853,1849,2491,17763,18938,8570,23287],"class_list":["post-42900","post","type-post","status-publish","format-standard","hentry","category-economics","category-liberty","tag-debt","tag-economic-bubble","tag-european-debt-crisis","tag-everything-bubble","tag-financial-markets","tag-government-bonds","tag-ramin-mazaheri","tag-the-saker-blog","tag-western-governments","tag-yellow-vest-protests"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/42900","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=42900"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/42900\/revisions"}],"predecessor-version":[{"id":42901,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/42900\/revisions\/42901"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=42900"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=42900"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=42900"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}