{"id":52600,"date":"2020-04-17T08:34:14","date_gmt":"2020-04-17T13:34:14","guid":{"rendered":"https:\/\/olduvai.ca\/?p=52600"},"modified":"2020-04-17T08:34:16","modified_gmt":"2020-04-17T13:34:16","slug":"were-not-going-back-to-normal","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=52600","title":{"rendered":"We\u2019re Not Going Back to Normal"},"content":{"rendered":"\n

We\u2019re Not Going Back to Normal<\/a><\/h3>\n\n\n\n
\"\"\/<\/a><\/figure>\n\n\n\n

Turn the key and the economy will restart.<\/p>\n\n\n\n

That\u2019s a myth a lot of people in the mainstream have peddled since governments started shutting down the economy in response to the coronavirus pandemic.<\/p>\n\n\n\n

That\u2019s not going to happen. We\u2019re not going back to normal.<\/p>\n\n\n\n

In fact, things weren\u2019t \u201cnormal\u201d before the pandemic.<\/p>\n\n\n\n

As Peter Schiff has been saying, too many mainstream pundits and prognosticators have focused exclusively on the pin<\/a> and ignored the economic bubble that it popped. They argue that since the economic damage due to the COVID-19 shutdowns was self-inflicted, it\u2019s not a real<\/em> recession. It\u2019s not a real<\/em>economic collapse. It\u2019s not that businesses are closing because the economy is bad. We just decided to shut them down. Therefore, we can just decide to open everything back up and everything will be fine. But as Schiff said<\/a>, it\u2019s not that simple.<\/p>\n\n\n\n

What matters is that we got a wound. Look, if I grab a knife and I stab myself in the chest, I\u2019m not OK because the wound is self-inflicted. \u2026 It doesn\u2019t matter how I got stabbed. What matters is I have a knife in my chest and I\u2019m bleeding. So, I can\u2019t just ignore the wound because I was dumb enough to stab myself.\u201d<\/p><\/blockquote>\n\n\n\n

I\u2019ve been saying the same thing for weeks. The economy doesn\u2019t stop and start on a dime. Just because Donald Trump snaps his fingers and says, \u201cGo!\u201d doesn\u2019t mean that the crisis ends. The economic damage done to the economy by that knife is deep. In fact, the economy was already suffering from multiple knife wounds long before COVID-19 reared its ugly head.<\/p>\n\n\n\n

It appears some people in the mainstream are starting to wake up to reality \u2013 sort of.\u00a0Reuters<\/em>\u00a0recently ran an article headlined \u201cWith confidence shattered, the road to a \u2018normal\u2019 US economy looks long<\/em><\/a>.\u201d<\/p>\n\n\n\n

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

We\u2019re Not Going Back to Normal Turn the key and the economy will restart. That\u2019s a myth a lot of people in the mainstream have peddled since governments started shutting down the economy in response to the coronavirus pandemic. That\u2019s not going to happen. We\u2019re not going back to normal. In fact, things weren\u2019t \u201cnormal\u201d […]<\/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":[23123,18462,963,18779,855],"class_list":["post-52600","post","type-post","status-publish","format-standard","hentry","category-economics","tag-michael-maharrey","tag-normal","tag-peter-schiff","tag-schiffgold","tag-viral-pandemic"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/52600","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=52600"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/52600\/revisions"}],"predecessor-version":[{"id":52601,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/52600\/revisions\/52601"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=52600"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=52600"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=52600"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}