{"id":56189,"date":"2020-12-27T09:13:18","date_gmt":"2020-12-27T14:13:18","guid":{"rendered":"https:\/\/olduvai.ca\/?p=56189"},"modified":"2020-12-27T09:13:18","modified_gmt":"2020-12-27T14:13:18","slug":"what-to-do-when-the-planets-diverge","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=56189","title":{"rendered":"What To Do When The Planets Diverge"},"content":{"rendered":"<h3 class=\"entry-title\"><a href=\"https:\/\/economicprism.com\/what-to-do-when-the-planets-diverge\/\">What To Do When The Planets Diverge<\/a><\/h3>\n<div class=\"entry-content\">\n<p><a href=\"https:\/\/economicprism.com\/what-to-do-when-the-planets-diverge\/\"><img loading=\"lazy\" decoding=\"async\" class=\"alignleft wp-image-4685 size-full\" title=\"What To Do When The Planets Diverge\" src=\"https:\/\/economicprism.com\/wp-content\/uploads\/2015\/10\/ChristmasCanes.jpg\" sizes=\"auto, (max-width: 150px) 100vw, 150px\" srcset=\"https:\/\/economicprism.com\/wp-content\/uploads\/2015\/10\/ChristmasCanes.jpg 150w, https:\/\/economicprism.com\/wp-content\/uploads\/2015\/10\/ChristmasCanes-144x144.jpg 144w\" alt=\"\" width=\"150\" height=\"150\" \/><\/a>Planets Jupiter and Saturn came into closer alignment than any time since 1226 this week.\u00a0 Yet the planets in Washington did not align.\u00a0 The federal government was unable to \u2018Christmas tree\u2019 its stimulus bill.<\/p>\n<p>At the 11th hour, President Trump called bull pucky on the contents of Congresses hideous creation.\u00a0 Too much pork.\u00a0 Not enough relief.<\/p>\n<p>Congress will return next week and attempt to salvage a deal.\u00a0 Likewise, we\u2019ll save fiscal stimulus and its consequential economic distortions for reckoning with another day.<\/p>\n<p>It\u2019s Christmas, after all.\u00a0 We\u2019d prefer to delve into the esoteric.\u00a0 Thus, today, for fun and for free, we seek meaning through numerology and astrology.\u00a0 Where to begin\u2026<\/p>\n<p>Not long ago, if you recall, a Dow Jones Industrial Average (DJIA) above 30,000 was impossible.\u00a0 Nothing could touch it.\u00a0 But here it is, in the flesh, a DJIA that\u2019s a peppermint stick above this\u00a0<a href=\"https:\/\/economicprism.com\/the-sisyphean-folly-of-printing-press-money\/\">\u201csacred\u201d<\/a>\u00a0number.<\/p>\n<p>A DJIA above 30,000 is, indeed, quite impressive.<span id=\"more-7366\"><\/span>\u00a0 But equally impressive is a distinct, yet somehow related milestone that\u2019s rapidly approaching. \u00a0The\u00a0<a href=\"http:\/\/www.usdebtclock.org\/\">U.S. National Debt<\/a>\u00a0is over $27.5 trillion.\u00a0 At the current spending rate, the national debt will surpass a round and rotund $30 trillion within nine months.<\/p>\n<p>The reality, however, is that the national debt exceeded $30 trillion a long time ago.\u00a0 In fact, it\u2019s really 568 percent higher.\u00a0 Remember, current unfunded liabilities, including Social Security and Medicare, now total over $156.2 trillion.<\/p>\n<p>Added together, the national debt and current unfunded liabilities total $183.7 trillion.\u00a0 Truly, this number is so large it\u2019s near impossible to comprehend.\u00a0 Thus, for simplicity and for the sake of numerological harmony, today\u2019s ruminations are limited in breadth and scope to DJIA 30,000 and U.S. National Debt $30 trillion.<\/p>\n<p>\u2026click on the above link to read the rest of the article\u2026<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>What To Do When The Planets Diverge Planets Jupiter and Saturn came into closer alignment than any time since 1226 this week.\u00a0 Yet the planets in Washington did not align.\u00a0 The federal government was unable to \u2018Christmas tree\u2019 its stimulus bill. At the 11th hour, President Trump called bull pucky on the contents of Congresses [&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":[195,12043,1849,11763],"class_list":["post-56189","post","type-post","status-publish","format-standard","hentry","category-economics","tag-debt","tag-economic-prism","tag-financial-markets","tag-mn-gordon"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/56189","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=56189"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/56189\/revisions"}],"predecessor-version":[{"id":56190,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/56189\/revisions\/56190"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=56189"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=56189"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=56189"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}