{"id":50490,"date":"2020-01-08T08:31:26","date_gmt":"2020-01-08T13:31:26","guid":{"rendered":"https:\/\/olduvai.ca\/?p=50490"},"modified":"2020-01-08T08:31:29","modified_gmt":"2020-01-08T13:31:29","slug":"wtf-what-the-fed","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=50490","title":{"rendered":"WTF: What The Fed?!?"},"content":{"rendered":"\n<h3 class=\"wp-block-heading\"><a href=\"https:\/\/www.peakprosperity.com\/wtf-what-the-fed\/\">WTF: What The Fed?!?<\/a><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>A video event with Mike Maloney, Grant Williams, Charles Hugh Smith and Chris &amp; Adam<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Here at the start of 2020, we\u2019ve just said good-bye to the \u201ctwenty-teens,&nbsp; a decade defined by central bank intervention.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Since the the Great Financial Crisis that began in late 2008, the world\u2019s central banking cartel has increased the global money supply by a net total of roughly $14 trillion \u2014 often handing off the money-printing baton to one another over the years.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">And despite being in \u201crecovery\u201d for the past ten years, the majority of the world\u2019s central banks are back shoving liquidity into the system once again.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">So, where has all this intervention gotten us?<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Many would say to the peak of the biggest asset price bubble ever blown in history.<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Total US Market Cap is trading at 153% of GDP \u2014&nbsp; the highest ever<\/li><li>The top 1% owns nearly half of the world\u2019s wealth (the 500 richest own $6 trillion!)<\/li><li>The bottom 60% of the world\u2019s adults have less than $10k\/household<\/li><\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><em>How did we get here?<\/em><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><em>How will these extreme imbalances resolve themselves?<\/em><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Last week,&nbsp;<strong>Mike Maloney, Grant Williams, Charles Hugh Smith, Chris and I<\/strong>&nbsp;all convened to tackle exactly these questions.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Back in 2018, each one of us was ringing a bell warning of a massive asset price bubble. 2019, however, only saw prices further shoot the moon (S&amp;P up 28%, Nasdaq up 35%). And ever since \u2018Not-QE\u2019 was announced by the US Fed on Oct 8th, the rate of increase has only become more manic.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong><em>Exactly WTF is going on?!?<\/em><\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">To find out, watch this short trailer:<\/p>\n\n\n\n<figure><iframe loading=\"lazy\" src=\"https:\/\/www.youtube.com\/embed\/KoR9EjRrQhQ\" width=\"560\" height=\"315\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">And then&nbsp;<a href=\"https:\/\/www.peakprosperity.com\/wtf-what-the-fed-sign-up-page\"><strong>click here<\/strong><\/a>&nbsp;to watch the full 90-minute video discussion.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>WTF: What The Fed?!? A video event with Mike Maloney, Grant Williams, Charles Hugh Smith and Chris &amp; Adam Here at the start of 2020, we\u2019ve just said good-bye to the \u201ctwenty-teens,&nbsp; a decade defined by central bank intervention. Since the the Great Financial Crisis that began in late 2008, the world\u2019s central banking cartel [&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":[9860],"class_list":["post-50490","post","type-post","status-publish","format-standard","hentry","category-economics","tag-adam-taggart"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/50490","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=50490"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/50490\/revisions"}],"predecessor-version":[{"id":50491,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/50490\/revisions\/50491"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=50490"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=50490"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=50490"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}