{"id":53207,"date":"2020-05-12T12:49:21","date_gmt":"2020-05-12T17:49:21","guid":{"rendered":"https:\/\/olduvai.ca\/?p=53207"},"modified":"2020-05-12T12:49:31","modified_gmt":"2020-05-12T17:49:31","slug":"the-way-of-the-tao-is-reversal","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=53207","title":{"rendered":"The Way of the Tao Is Reversal"},"content":{"rendered":"\n

The Way of the Tao Is Reversal<\/a><\/h3>\n\n\n\n

As Jackson Browne put it: Don’t think it won’t happen just because it hasn’t happened yet.<\/em><\/p>\n\n\n\n

We can summarize all that will unfold in the next few years in one line:\u00a0The way of the Tao is reversal<\/em>.<\/strong>\u00a0This is the opening line of Chapter 40 of Lao Tzu’s 5,000-character commentary on the Tao,\u00a0The Tao Te Ching<\/em>. There are many translations of this slim volume, and for a variety of reasons I favor the 1975 translation by my old professor at the University of Hawaii, Chang Chung-yuan (1907-1988), whom I would occasionally see doing Tai Chi late at night on his front yard in Manoa Valley.Professor Chang–who would often write Chinese characters on the blackboard with great energy to make a point–rendered this line in English as\u00a0Reverse is the movement of Tao.<\/em>\u00a0Others have translated it as\u00a0Reversal is the movement of Tao<\/em>.Given the obscurity and ambiguity of Taoist concepts, this line has many interpretations. I prefer\u00a0the way of the Tao is reversal<\/em>\u00a0because the Tao is fundamentally about virtue, power and what we might call\u00a0authenticity.<\/em>\u00a0Thus all that is presented as permanent will be revealed as impermanent, all that is presented as true will be revealed as false and all that is presented as virtuous will be revealed as fraud.<\/p>\n\n\n\n

In the present era, we can discern these potential reversals:<\/strong><\/p>\n\n\n\n

1. The all-powerful Federal Reserve will lose control and its power will dissipate into thin air.<\/em><\/p>\n\n\n\n

2. Rather than linger at zero or negative rates as expected, interest rates will reverse and start moving inexorably higher.<\/em><\/p>\n\n\n\n

3. What was presented as permanent–the value of national currencies and assets–will be revealed as impermanent.<\/em><\/p>\n\n\n\n

4. What was presented as the power to force compliance will be revealed as powerlessness.<\/em><\/p>\n\n\n\n

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

The Way of the Tao Is Reversal As Jackson Browne put it: Don’t think it won’t happen just because it hasn’t happened yet. We can summarize all that will unfold in the next few years in one line:\u00a0The way of the Tao is reversal.\u00a0This is the opening line of Chapter 40 of Lao Tzu’s 5,000-character […]<\/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":[2,6],"tags":[24078,431,587,3650],"class_list":["post-53207","post","type-post","status-publish","format-standard","hentry","category-economics","category-liberty","tag-charles-hugh-smith-2","tag-interest-rates","tag-of-two-minds","tag-us-federal-reserve"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/53207","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=53207"}],"version-history":[{"count":2,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/53207\/revisions"}],"predecessor-version":[{"id":53209,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/53207\/revisions\/53209"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=53207"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=53207"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=53207"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}