{"id":4571,"date":"2015-01-15T06:51:33","date_gmt":"2015-01-15T11:51:33","guid":{"rendered":"http:\/\/olduvai.ca\/?p=4571"},"modified":"2015-01-18T09:31:31","modified_gmt":"2015-01-18T14:31:31","slug":"4571","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=4571","title":{"rendered":"Why Governments Love Terrorism \u201cWars\u201d"},"content":{"rendered":"

Why Governments Love Terrorism \u201cWars\u201d<\/a><\/h2>\n

Telltale Signs<\/strong><\/h3>\n

Dow down a little on Tuesday. Gold almost unchanged. Oil kept slipping.<\/p>\n

From Bloomberg:<\/p>\n

\u201cOil fell below $45 a barrel amid speculation that US stockpiles will increase, exacerbating a global supply glut that\u2019s driven prices to the lowest in more than 5\u00bd years.<\/p>\n

Oil slumped almost 50% last year, the most since the 2008 financial crisis, as the US pumped at the fastest rate in more than three decades and OPEC resisted calls to cut production.<\/p>\n

Goldman Sachs said crude needs to drop to $40 a barrel to \u201cre-balance\u201d the market, while Societe Generale also reduced its price forecasts.\u201d<\/p><\/blockquote>\n

We\u2019re studying the drop in the oil price. Is it an isolated phenomenon \u2013 the product of fracking technology, petro politics and other special circumstances? Or is it, too, a feature of the worldwide credit bubble?<\/p>\n

We will write up our conclusion in this month\u2019s\u00a0Bill Bonner Letter<\/em>. But you can probably guess. The more we look, the more we find telltale signs of the credit bubble at every accident and crime scene.<\/p>\n

Through a Glass, Darkly<\/strong><\/p>\n

Tomorrow, we\u2019ll start a new series on practical investing. Today, let\u2019s look further at how the global credit bubble has distorted investment markets, perverted the economy and corrupted our government. They all now depend on something that should never have happened\u2026 and can\u2019t continue for much longer.<\/p>\n

Hardly a day goes by that we don\u2019t squint through a glass, darkly, to try to see what the end of the credit expansion will mean for stocks, bonds and other asset classes. Today, we look at what it will mean for the\u00a0US Empire of Debt.<\/p>\n

Typically, empires succeed by conquest. They take property\u2026 women\u2026 slaves. The loot is then parceled out like a federal budget \u2013 with big portions for the honchos and cronies\u2026 and lesser portions to the foot soldiers.<\/p>\n

…click on the above link to read the rest of the article…<\/p>\n

<\/h3>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

Why Governments Love Terrorism \u201cWars\u201d Telltale Signs Dow down a little on Tuesday. Gold almost unchanged. Oil kept slipping. From Bloomberg: \u201cOil fell below $45 a barrel amid speculation that US stockpiles will increase, exacerbating a global supply glut that\u2019s driven prices to the lowest in more than 5\u00bd years. Oil slumped almost 50% last […]<\/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":[2,3,5],"tags":[2698,195,259,2699,588,1775,1309,793,862],"class_list":["post-4571","post","type-post","status-publish","format-standard","hentry","category-economics","category-energy-2","category-geopolitics","tag-conquest","tag-debt","tag-empire","tag-global-credit-bubble","tag-oil","tag-oil-price-collapse","tag-state","tag-terrorism","tag-war"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/4571","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=4571"}],"version-history":[{"count":2,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/4571\/revisions"}],"predecessor-version":[{"id":4609,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/4571\/revisions\/4609"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4571"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=4571"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=4571"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}