{"id":51732,"date":"2020-03-10T20:00:37","date_gmt":"2020-03-11T01:00:37","guid":{"rendered":"https:\/\/olduvai.ca\/?p=51732"},"modified":"2020-03-10T20:00:42","modified_gmt":"2020-03-11T01:00:42","slug":"the-real-causes-for-the-oncoming-economic-collapse","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=51732","title":{"rendered":"The Real Causes for the Oncoming Economic Collapse"},"content":{"rendered":"\n<h3 class=\"wp-block-heading\"><a href=\"https:\/\/www.strategic-culture.org\/news\/2020\/03\/09\/the-real-causes-for-the-oncoming-economic-collapse\/\">The Real Causes for the Oncoming Economic Collapse\u00a0<\/a><\/h3>\n\n\n\n<p>This Thursday, the markets took a 1000 point hit which was more than a little startling for many investors since the last 1000 point fall only happened three days prior\u2026 all in all bringing the financial markets to lows not seen since April 2011, and veering dangerously close to a precipice which has 1929 written all over it. Across the internet, panicky discussion has erupted over whether this foretells&nbsp;<a href=\"https:\/\/www.ccn.com\/trump-is-scared-of-a-1987-like-stock-market-crash-you-should-be-too\/\" target=\"_blank\" rel=\"noreferrer noopener\">another 1987 collapse as Donald Trump warned<\/a>, or something more akin to Black Tuesday of 1929. Others have pondered whether this is more similar to a 1923 Weimar hyperinflation where Germans became millionaires overnight (not much to celebrate when bread costs billions).<\/p>\n\n\n\n<p>The fact of the oncoming collapse itself should not be a surprise- especially when one is reminded of the $1.5 quadrillion of derivatives which has taken over a world economy which generates a mere $80 trillion\/year in measurable goods and trade. These nebulous bets on insurance on bets on collateralized debts known as derivatives didn\u2019t even exist a few decades ago, and the fact is that no matter what the Federal Reserve and European Central Bank have attempted to do to stop a new rupture of this overextended casino bubble of an economy in recent months, nothing has worked. Zero to negative percent interest rates haven\u2019t worked, opening overnight repo loans of $100 billion\/night to failing banks hasn\u2019t worked- nor has the return of quantitative easing which restarted on October 17 in earnest. No matter what these financial wizards try to do, things just keep getting worse. Rather than acknowledge what is actually happening, scapegoats have been selected to shift the blame away from reality to the point that the current crisis is actually being blamed on the Coronavirus!<\/p>\n\n\n\n<p>\u2026click on the above link to read the rest of the article\u2026<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Real Causes for the Oncoming Economic Collapse\u00a0 This Thursday, the markets took a 1000 point hit which was more than a little startling for many investors since the last 1000 point fall only happened three days prior\u2026 all in all bringing the financial markets to lows not seen since April 2011, and veering dangerously [&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":[124,28817,236,25634,534,8203],"class_list":["post-51732","post","type-post","status-publish","format-standard","hentry","category-economics","tag-central-banks","tag-coronavirus","tag-economic-collapse","tag-matthew-ehret","tag-monetary-policy","tag-strategic-culture-foundation"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/51732","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=51732"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/51732\/revisions"}],"predecessor-version":[{"id":51733,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/51732\/revisions\/51733"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=51732"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=51732"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=51732"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}