{"id":51749,"date":"2020-03-12T10:51:28","date_gmt":"2020-03-12T15:51:28","guid":{"rendered":"https:\/\/olduvai.ca\/?p=51749"},"modified":"2020-03-12T10:51:33","modified_gmt":"2020-03-12T15:51:33","slug":"the-delicate-balancing-act-to-protect-wealth-is-full-on","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=51749","title":{"rendered":"The Delicate Balancing Act To Protect Wealth Is Full On"},"content":{"rendered":"\n<h3 class=\"wp-block-heading\"><a href=\"http:\/\/brucewilds.blogspot.com\/2020\/03\/the-delicate-balancing-act-to-protect.html\">The Delicate Balancing Act To Protect Wealth Is Full On<\/a><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>We Are Walking A Tightrope\u00a0<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The delicate balancing act to protect wealth is now in full crisis mode. The key players are central banks across the world and the corrupt bankrupt governments they seek to protect. At risk is the global financial system that has served them so well over the decades. For years these so-called guardians of the economy have siphoned wealth away from the many and into the hands of a few. Now unless they can pull a few more rabbits out of their hats rubber may hit the road.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">President Donald Trump announced in a White House news conference that he would seek payroll tax relief and other measures to help businesses deal with the coronavirus outbreak. The Associated Press reported&nbsp;<a href=\"https:\/\/www.marketwatch.com\/story\/trump-to-seek-payroll-tax-relief-to-help-calm-financial-markets-2020-03-09?mod=article_inline\">Trump said they were discussing \u201ca possible payroll tax cut or relief, substantial relief, very substantial relief, that\u2019s big, that\u2019s a big number,\u201d<\/a>&nbsp;Administration officials said the White House wasn\u2019t ready to roll out specific economic proposals, CNBC reported. Trump also said he was seeking help for hourly-wage workers to ensure they\u2019re \u201cnot going to miss a paycheck\u201d and \u201cdon\u2019t get penalized for something that\u2019s not their fault.\u201d These were in reaction to a large market drop as the covid-19 outbreak spread.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">President Trump&#8217;s proposal to cut payroll taxes is targeted at reinforcing investor confidence in the hope it will give markets a reason to rebound. It ignores the fact America&#8217;s deficit spending is already out of control. An analogy would be for a near-bankrupt parent giving their irresponsible child a raise in their allowance after finding they had been wasting money on lottery tickets. <\/p>\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>The Delicate Balancing Act To Protect Wealth Is Full On We Are Walking A Tightrope\u00a0 The delicate balancing act to protect wealth is now in full crisis mode. The key players are central banks across the world and the corrupt bankrupt governments they seek to protect. At risk is the global financial system that has [&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":[27339,1849,827,868],"class_list":["post-51749","post","type-post","status-publish","format-standard","hentry","category-economics","tag-advancing-time-blog","tag-financial-markets","tag-united-states","tag-wealth"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/51749","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=51749"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/51749\/revisions"}],"predecessor-version":[{"id":51750,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/51749\/revisions\/51750"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=51749"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=51749"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=51749"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}