{"id":47340,"date":"2019-07-20T11:35:30","date_gmt":"2019-07-20T16:35:30","guid":{"rendered":"https:\/\/olduvai.ca\/?p=47340"},"modified":"2019-07-20T11:35:34","modified_gmt":"2019-07-20T16:35:34","slug":"who-bails-out-central-banks-in-coming-chaos-james-rickards","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=47340","title":{"rendered":"Who Bails Out Central Banks in Coming Chaos \u2013James Rickards"},"content":{"rendered":"\n<h3 class=\"wp-block-heading\"><a href=\"https:\/\/usawatchdog.com\/who-bails-out-central-banks-in-coming-chaos-james-rickards\/\">Who Bails Out Central Banks in Coming Chaos \u2013James Rickards<\/a><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Best-selling financial author James Rickards says \u201cWe are still in the aftermath of the 2008 \u2013 2009 financial crisis.\u201d In the up-coming book titled&nbsp;<strong>\u201cAftermath: Seven Secrets of Wealth Preservation in the Coming Chaos,\u201d<\/strong>&nbsp;the crisis of the Great Recession may be over, but \u201cnothing is fixed.\u201d Rickards explains, \u201cI understand the economy has been expanding for 10 years, and we are not in a liquidity crisis at the moment and unemployment is low. We have come a long way from that. The fundamental problems that gave rise to that have not been solved. . . . So, unlimited guarantees, unlimited money printing and unlimited currency swaps and, yeah, they truncated the crisis, but all that happened was the bad debts, the leverage and the problems were now lifted up to the central bank level. You\u2019ve got this progression. First, it is the hedge fund. Then, it\u2019s Wall Street. Now, it\u2019s the central banks. Who is going to bail out the central banks? That problem has not been solved, and it\u2019s still on the table.\u201d<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Rickards says don\u2019t think the Federal Reserve is going to come in and ride to the rescue in what Rickards is predicting to be a \u201ccoming chaos.\u201d Rickards contends, \u201cInterest rates are 2.25%, but that is not what you need to get out of a recession. I am not predicting one, but if the U.S. economy went into a recession . . . history in economics says you need to cut interest rates 4% to 5% to get the U.S. out of a recession. How do you cut interest rates 4% when you are at 2.25%? You can\u2019t because there is not enough room. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">&nbsp;\u2026click on the above link to read the rest of the article\u2026<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Who Bails Out Central Banks in Coming Chaos \u2013James Rickards Best-selling financial author James Rickards says \u201cWe are still in the aftermath of the 2008 \u2013 2009 financial crisis.\u201d In the up-coming book titled&nbsp;\u201cAftermath: Seven Secrets of Wealth Preservation in the Coming Chaos,\u201d&nbsp;the crisis of the Great Recession may be over, but \u201cnothing is fixed.\u201d [&hellip;]<\/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":[124,8757,3650],"class_list":["post-47340","post","type-post","status-publish","format-standard","hentry","category-economics","tag-central-banks","tag-greg-hunter","tag-us-federal-reserve"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/47340","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=47340"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/47340\/revisions"}],"predecessor-version":[{"id":47341,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/47340\/revisions\/47341"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=47340"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=47340"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=47340"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}