{"id":52231,"date":"2020-04-06T17:22:21","date_gmt":"2020-04-06T22:22:21","guid":{"rendered":"https:\/\/olduvai.ca\/?p=52231"},"modified":"2020-04-06T17:22:28","modified_gmt":"2020-04-06T22:22:28","slug":"project-zimbabwe","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=52231","title":{"rendered":"\u201cProject Zimbabwe\u201d"},"content":{"rendered":"\n

\u201cProject Zimbabwe\u201d<\/a><\/h3>\n\n\n\n

Roughly a month ago on the afternoon of Sunday, March 8th<\/sup>, Fed Chairman Powell had an emergency staff meeting.<\/p>\n\n\n\n

Powell:<\/strong> I want the nuttiest money printing plan ever. What action plans do we have that are prepared and ready to initiate?<\/p>\n\n\n\n

Admin:<\/strong> Well, we have this one named \u201cGFC 2.0\u201d<\/p>\n\n\n\n

Powell:<\/strong> Sounds tame and sedate. Won\u2019t impress anyone.<\/p>\n\n\n\n

Admin:<\/strong> What about this one named \u201cWhatever It Takes\u201d<\/p>\n\n\n\n

Powell:<\/strong> Lemme look\u2026 Meh\u2026 I want more shock and awe. This needs at least two more zeros.<\/p>\n\n\n\n

Admin:<\/strong> Well, we have this other one named \u201cProject Zimbabwe\u201d but it\u2019s so ridiculous that the Fed would forever lose all credibility\u2026<\/p>\n\n\n\n

Powell:<\/strong> hmmm\u2026 I like the sound of \u201cProject Zimbabwe.\u201d Just makes you want to turn dollars into toasters and washing machines to preserve wealth. This one will force guys so far out on the risk curve that they\u2019ll think crypto-coins are value investments.<\/p>\n\n\n\n

Admin:<\/strong> Yeah, it\u2019s absolutely Wuhan-bat-shit nutty. We\u2019d be criminally insane to unleash this on a population that isn\u2019t prepared for hyperinflation\u2026<\/p>\n\n\n\n

Powell:<\/strong> Perfect!! Let\u2019s have a press conference.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

A few hours later\u2026<\/p>\n\n\n\n

Powell:<\/strong> Mr. President, I finally took rates to zero and launched QE infinity. Can you stop trolling me on twitter already? I can\u2019t take any more of my wife cracking jokes about your tweets.<\/p>\n\n\n\n

Trump:<\/strong> Be a man. You got it easy. Wait until you see what I do to Biden. He puts the \u201cDem in Dementia\u201d haha\u2026<\/p>\n\n\n\n

Powell:<\/strong> Please, no more nasty tweets. Even my kids laugh at me.<\/p>\n\n\n\n

Trump:<\/strong> Fine, but you\u2019re thinking too small with \u201cProject Zimbabwe.\u201d Figure out how to print more aggressively. Look at what Mnuchin is doing with all his bailout programs. He\u2019s gonna blow $10 trillion by early summer, then try to double that by election time. You better crank up that printing press of yours. I\u2019ll stop tweeting if you keep monetizing the \u201cMnuchin Money.\u201d<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

\u2026click on the above link to read the rest of the article\u2026<\/p>\n","protected":false},"excerpt":{"rendered":"

\u201cProject Zimbabwe\u201d Roughly a month ago on the afternoon of Sunday, March 8th, Fed Chairman Powell had an emergency staff meeting. Powell: I want the nuttiest money printing plan ever. What action plans do we have that are prepared and ready to initiate? Admin: Well, we have this one named \u201cGFC 2.0\u201d Powell: Sounds tame and sedate. Won\u2019t […]<\/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":[24146,303,426,16888,29331,662,3650],"class_list":["post-52231","post","type-post","status-publish","format-standard","hentry","category-economics","tag-adventures-in-capitalism","tag-fed","tag-inflation","tag-jerome-powell","tag-project-zimbabwe","tag-quantitative-easing","tag-us-federal-reserve"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/52231","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=52231"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/52231\/revisions"}],"predecessor-version":[{"id":52232,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/52231\/revisions\/52232"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=52231"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=52231"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=52231"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}