{"id":45025,"date":"2019-04-04T09:56:08","date_gmt":"2019-04-04T14:56:08","guid":{"rendered":"https:\/\/olduvai.ca\/?p=45025"},"modified":"2019-04-04T10:42:40","modified_gmt":"2019-04-04T15:42:40","slug":"the-massive-increase-of-central-bank-paper-assets-warns-of-financial-danger-ahead","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=45025","title":{"rendered":"The Massive Increase Of Central Bank Paper Assets Warns Of Financial Danger Ahead"},"content":{"rendered":"\n

The Massive Increase Of Central Bank Paper Assets Warns Of Financial Danger Ahead<\/a><\/h3>\n\n\n\n

By purchasing increasingly worthless paper assets, we can thank the central banks for propping up the global economy for the past decade.  Since the 2008 financial crisis, the top central bank\u2019s have acquired $13 trillion worth of assets on their balance sheets.  While the central banks label these balance sheet items as \u201cAssets,\u201d they are nothing more than glorified Paper IOU\u2019s.<\/p>\n\n\n\n

And these trillions of dollars worth of paper IOU\u2019s can only get their value from the burning of energy\u2026 a critical factor overlooked by mainstream financial analysts.  Without growing global oil production, most of these \u201csupposed\u201d assets would see their values plummet.  Unfortunately, the world is heading towards a collapse of global oil production due to the Falling EROI \u2013 Energy Returned On Investment and the Thermodynamics of oil depletion. <\/strong><\/p>\n\n\n\n

Yes, the disintegration of the global oil industry is now speeding up.  Here are a few headlines that should provide some clues on how the situation is rapidly deteriorating:<\/p>\n\n\n\n

Wall Street Loses Faith In Shale<\/strong><\/em><\/a><\/p>\n\n\n\n

Saudi Aramco\u2019s Ghawar field produces 1.2mbpd less than expected<\/strong><\/em><\/a><\/p>\n\n\n\n

NEXT OIL DOMINO TO FALL? Mexico Becomes A Net Oil Importer<\/strong><\/em><\/a><\/p>\n\n\n\n

Fracked Shale Oil Wells Drying Up Faster than Predicted, Wall Street Journal Finds<\/strong><\/em><\/a><\/p>\n\n\n\n

THE BLOODBATH IN U.S. SHALE STOCKS CONTINUES: Worst Is Yet To Come<\/strong><\/em><\/a><\/p>\n\n\n\n

US Shale Companies Facing \u201cCatastrophic Failure\u201d over Ballooning Debt<\/strong><\/em><\/a><\/p>\n\n\n\n

EXXONMOBIL U.S. OIL & GAS FINANCIAL TRAIN-WRECK: Producing Shale Is Destroying Its Bottom Line<\/strong><\/em><\/a><\/p>\n\n\n\n

As you can see, most of the articles are on the U.S. Shale Industry.  We must remember, the majority of the increase in global oil production over the past decade (80+%) is due to ramping up of the U.S. shale oil and Canadian oil sands operations.  U.S. shale oil production has surged by more than 7 million barrels per day (mbd) since 2008:<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

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

The Massive Increase Of Central Bank Paper Assets Warns Of Financial Danger Ahead By purchasing increasingly worthless paper assets, we can thank the central banks for propping up the global economy for the past decade.  Since the 2008 financial crisis, the top central bank\u2019s have acquired $13 trillion worth of assets on their balance sheets.  […]<\/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":[3],"tags":[25519,25518,124,4654,309,6343,12073],"class_list":["post-45025","post","type-post","status-publish","format-standard","hentry","category-energy-2","tag-bank-paper-assets","tag-central-bank-paper","tag-central-banks","tag-eroi","tag-fiat-currency","tag-oil-depletion","tag-srsrocco-report"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/45025","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=45025"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/45025\/revisions"}],"predecessor-version":[{"id":45026,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/45025\/revisions\/45026"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=45025"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=45025"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=45025"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}