{"id":54109,"date":"2020-07-11T16:45:25","date_gmt":"2020-07-11T21:45:25","guid":{"rendered":"https:\/\/olduvai.ca\/?p=54109"},"modified":"2020-07-11T16:45:33","modified_gmt":"2020-07-11T21:45:33","slug":"a-serious-message-from-chris-martenson","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=54109","title":{"rendered":"A Serious Message From Chris Martenson"},"content":{"rendered":"\n<h3 class=\"wp-block-heading\"><a href=\"https:\/\/www.peakprosperity.com\/a-serious-message-from-chris-martenson\/\">A Serious Message From Chris Martenson<\/a><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Time is running short to brace for impact<\/strong><\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.peakprosperity.com\/wp-content\/uploads\/2020\/07\/C_Profile_1-300x208.jpg\" alt=\"\"\/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">Like a windstorm toppling a hollowed-out tree, SARS-CoV-2 didn\u2019t cause the current recession so much as it exposed how rotten things already were.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Even before SARS-CoV-2, households were struggling. Far too many were limping along without any savings at all, one crisis away from financial ruin.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Debts at every level were at record highs before SARS-CoV-2 came along, and the Federal Reserve was already busy bailing out the US financial system before the virus hit.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The shale oil industry had failed to generate any profits for over a decade before anyone ever heard of Covid19.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The worldwide wealth gap was already record levels before we were forced into lockdown.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">What the coronavirus pandemic has done, though, is give the ruling authorities aircover to accelerate all of these trends to warp speed.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Billionaires have been, by far, the largest winners in this story so far.&nbsp; Ditto for mega corporations.&nbsp; Main Street and small and medium-sized businesses have been utterly crushed.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Where the Great Financial Crisis in 2008 could have been \u2014 and should have been \u2014 a wake-up call to operate the system more equitably and sustainably, it was used instead as an excuse to make things even worse.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">No bank executives were charged or even went to jail for any crimes they played in bringing the financial system to the brink of disaster.&nbsp; Accounting deceit, wire fraud, and forgery \u2014 anybody remember \u2018robosigning\u2019?&nbsp; That was forgery, a felony, and not one charge was ever leveled.&nbsp; Instead, the Too Big To Fail banks were bailed out and got bigger at the expense of smaller, more responsible firms.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">My point here is that SARS-CoV-2 has laid bare our true value systems.&nbsp; Some countries have done an admirable job of showing they care about their citizens, making public safety and health their top priority.&nbsp; Other countries, such as mine (the US), have demonstrated the opposite.<\/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>A Serious Message From Chris Martenson Time is running short to brace for impact Like a windstorm toppling a hollowed-out tree, SARS-CoV-2 didn\u2019t cause the current recession so much as it exposed how rotten things already were. Even before SARS-CoV-2, households were struggling. Far too many were limping along without any savings at all, one [&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":[2,4],"tags":[3596,195,2218,3650,855],"class_list":["post-54109","post","type-post","status-publish","format-standard","hentry","category-economics","category-environment","tag-chris-martenson","tag-debt","tag-peak-prosperity","tag-us-federal-reserve","tag-viral-pandemic"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/54109","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=54109"}],"version-history":[{"count":2,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/54109\/revisions"}],"predecessor-version":[{"id":54111,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/54109\/revisions\/54111"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=54109"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=54109"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=54109"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}