{"id":44153,"date":"2019-03-03T06:42:48","date_gmt":"2019-03-03T11:42:48","guid":{"rendered":"https:\/\/olduvai.ca\/?p=44153"},"modified":"2019-03-03T06:42:52","modified_gmt":"2019-03-03T11:42:52","slug":"the-u-s-national-debt-is-completely-out-of-control-oh-well","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=44153","title":{"rendered":"The U.S. National Debt is Completely Out of Control. Oh Well?"},"content":{"rendered":"\n

The U.S. National Debt is Completely Out of Control. Oh Well?<\/a><\/h3>\n\n\n\n
\"The<\/figure>\n\n\n\n

The U.S. National Debt recently blew past the $22 trillion mark<\/a>, to the shock and amazement of… <\/p>\n\n\n\n

Almost no one.<\/p>\n\n\n\n

Although there remains a minority of individuals who are concerned about the exploding debt level, they are a shrinking minority, as more and more people are simply content to drift into blissful ignorance, disregarding the alarm bells going off all around us.<\/p>\n\n\n\n

To many, especially the millennial and younger generations, the creation of money is just as mysterious as electricity or the internet. It simply is, and it has always been.<\/p>\n\n\n\n

Too few now remember when honest money reigned and governments were forced to be fiscally responsible due to the checks and balances that the gold standard placed on them.<\/p>\n\n\n\n

Sadly, $22 trillion is just the start, as the unfunded liabilities that the United States now owes stands at a truly ghastly number, $122 trillion.<\/p>\n\n\n\n

And the U.S. isn\u2019t alone. Countless “established” countries around the world find themselves deeply in debt, with no chance of ever “digging” themselves out.<\/p>\n\n\n\n

For years, I have pointed out these increasing debt levels. For years, I and many others have been ignored. And sadly, I fear that we have now crossed the Rubicon and there is no going back.<\/p>\n\n\n\n

What cannot be repaid will not be repaid. Remember these words.<\/p>\n\n\n\n

This is the reality we now live in: a world where debt levels, at least in the short term, simply do not matter\u2026 until they do.<\/p>\n\n\n\n

We are in one massive shell game, and those playing the game know that it is rigged, but have no choice but to continue with their participation.<\/p>\n\n\n\n

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

The U.S. National Debt is Completely Out of Control. Oh Well? The U.S. National Debt recently blew past the $22 trillion mark, to the shock and amazement of…  Almost no one. Although there remains a minority of individuals who are concerned about the exploding debt level, they are a shrinking minority, as more and more people […]<\/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":[195,16481,6355,827],"class_list":["post-44153","post","type-post","status-publish","format-standard","hentry","category-economics","tag-debt","tag-nathan-mcdonald","tag-sprott-money","tag-united-states"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/44153","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=44153"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/44153\/revisions"}],"predecessor-version":[{"id":44154,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/44153\/revisions\/44154"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=44153"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=44153"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=44153"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}