{"id":48951,"date":"2019-10-11T16:36:05","date_gmt":"2019-10-11T21:36:05","guid":{"rendered":"https:\/\/olduvai.ca\/?p=48951"},"modified":"2019-10-11T16:36:09","modified_gmt":"2019-10-11T21:36:09","slug":"more-black-swans-arrive-as-u-s-debt-balloons-800-billion-in-two-months","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=48951","title":{"rendered":"More Black Swans Arrive As U.S. Debt Balloons $800 Billion In Two Months"},"content":{"rendered":"\n<h3 class=\"wp-block-heading\"><a href=\"https:\/\/srsroccoreport.com\/more-black-swans-arrive-as-u-s-debt-balloons-800-billion-in-two-months\/\">More Black Swans Arrive As U.S. Debt Balloons $800 Billion In Two Months<\/a><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">The rate at which black swans are showing up in the world should scare the hell out of people.&nbsp; But, unfortunately, everyone seems to be lost in the highly complex technology of I-phones, computers, social media, and the telly to notice that something is definitely wrong.&nbsp; The current situation reminds me of a&nbsp;<a href=\"https:\/\/www.youtube.com\/watch?v=GU0d8kpybVg\" target=\"_blank\" rel=\"noreferrer noopener\">famous scene in the Monty Python movie, The Holy Grail<\/a>, where a guy is banging a bell and saying, \u201cBring out your dead.\u201d&nbsp; Let me explain.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The scene in the movie takes place in England or Europe during the Black Plague, and due to the staggering amount of deaths, carts were used to pick up the bodies throughout the city.&nbsp; Yes, this is indeed a macabre subject matter, but Monty Python takes a serious situation and turns it into a comedy.&nbsp; However, the point I am trying to make is this\u2026 death is a very tragic and emotional part of life that impacts family members, friends, and coworkers.&nbsp; But, in this Monty Python scene, there is so much death, that it almost becomes numb to everyone.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">And, that is precisely what I see now in the public.&nbsp;<strong>There are so many warning signs, or black swans, that no one seems to notice.&nbsp;<\/strong>&nbsp;Everyone has become\u2026 QUITE NUMB to it all.&nbsp; So, when the U.S. Government adds $814 billion of new debt in a little more than two months, the public yawns as this is no big deal:<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/dizgpp7sc1t8t.cloudfront.net\/wp-content\/uploads\/2019\/10\/Total-US-Debt-AUG01-OCT07-2019.png\" alt=\"\" class=\"wp-image-20928\"\/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">Since the beginning of August, the total U.S. federal debt has increased from $22,023 billion to $22,837 billion.&nbsp; Thus, the U.S. public debt has increased by nearly 4% in just two months!&nbsp; Here is the debt table from TreasuryDirect.gov website since August 1st:<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/dizgpp7sc1t8t.cloudfront.net\/wp-content\/uploads\/2019\/10\/US-Debt-AUG-OCT7th-2019.png\" alt=\"\" class=\"wp-image-20931\"\/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">\u2026click on the above link to read the rest of the article\u2026<\/p>\n","protected":false},"excerpt":{"rendered":"<p>More Black Swans Arrive As U.S. Debt Balloons $800 Billion In Two Months The rate at which black swans are showing up in the world should scare the hell out of people.&nbsp; But, unfortunately, everyone seems to be lost in the highly complex technology of I-phones, computers, social media, and the telly to notice that [&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":[195,12073,843,8554],"class_list":["post-48951","post","type-post","status-publish","format-standard","hentry","category-economics","tag-debt","tag-srsrocco-report","tag-us-government","tag-us-government-debt"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/48951","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=48951"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/48951\/revisions"}],"predecessor-version":[{"id":48952,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/48951\/revisions\/48952"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=48951"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=48951"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=48951"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}