{"id":46787,"date":"2019-06-20T14:06:13","date_gmt":"2019-06-20T19:06:13","guid":{"rendered":"https:\/\/olduvai.ca\/?p=46787"},"modified":"2019-06-20T14:06:16","modified_gmt":"2019-06-20T19:06:16","slug":"square-minus-zero","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=46787","title":{"rendered":"Square Minus Zero"},"content":{"rendered":"\n

Square Minus Zero<\/a><\/h3>\n\n\n\n
\"\"\/<\/a>
Gustave Courbet\u00a0The village maidens\u00a0\u00a0<\/strong>1852<\/figcaption><\/figure>\n\n\n\n

I intentionally start writing this mere minutes away from Fed chair Jay Powell\u2019s latest comments. Intentionally, because the importance ascribed to those comments only means we have gotten so far removed from what capitalism and free markets are supposed to be about, that it\u2019s pathetic. The comments mean something for rich socialists, but nothing for the man in the street. Or, rather, they mean that the man in the street will get screwed worse for longer.<\/p>\n\n\n\n

And it\u2019s not just the Fed, all central banks have it and do it. They play around with rates and definitions and semantics until the cows can never come home again. And they have such levels of control over their respective societies and economies that the mere use of the word \u201cmarkets\u201d should result in loud and unending ridicule. There are no markets, because there is no price discovery, the Fed and ECB and BOJ got it all covered. Any downside risks, that is.<\/p>\n\n\n\n

But it doesn\u2019t, because the people who pretend they\u2019re in those markets hang on central banks\u2019 every word for their meal tickets. These are the same people we once knew as traders and investors, but who today function only as rich socialists sucking the Fed\u2019s teats for ever more mother\u2019s milk.<\/p>\n\n\n\n

Our economic systems have been destroyed by our central bankers. Who pretend they\u2019re saving them. And we all eat it up hook line and sinker. Because the rich bankers and their media have no reasons to counter Fed or ECB actions and word plays, and because anyone who\u2019s not a rich banker or investor is kept by the media from understanding those reasons.<\/p>\n\n\n\n

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

Square Minus Zero I intentionally start writing this mere minutes away from Fed chair Jay Powell\u2019s latest comments. Intentionally, because the importance ascribed to those comments only means we have gotten so far removed from what capitalism and free markets are supposed to be about, that it\u2019s pathetic. The comments mean something for rich socialists, […]<\/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":[5144,85,124,218,233,245,303,388,1225,23541,13924,9333,5177,10522,4069],"class_list":["post-46787","post","type-post","status-publish","format-standard","hentry","category-economics","tag-bernanke","tag-boj","tag-central-banks","tag-draghi","tag-ecb","tag-economies","tag-fed","tag-greenspan","tag-kuroda","tag-powell","tag-raul-ilargi-meijer","tag-societies","tag-the-automatic-earth","tag-trump","tag-yellen"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/46787","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=46787"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/46787\/revisions"}],"predecessor-version":[{"id":46788,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/46787\/revisions\/46788"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=46787"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=46787"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=46787"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}