{"id":56838,"date":"2021-02-20T07:52:17","date_gmt":"2021-02-20T12:52:17","guid":{"rendered":"https:\/\/olduvai.ca\/?p=56838"},"modified":"2021-02-20T08:03:07","modified_gmt":"2021-02-20T13:03:07","slug":"hot-money","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=56838","title":{"rendered":"Hot Money"},"content":{"rendered":"<header class=\"entry-header\">\n<h3 class=\"entry-title\"><a href=\"https:\/\/un-denial.com\/2021\/02\/19\/hot-money\/\">Hot Money<\/a><\/h3>\n<\/header>\n<div class=\"entry-content\">\n<figure class=\"wp-block-embed is-type-rich is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio\">\n<div class=\"wp-block-embed__wrapper\">\n<div class=\"jetpack-video-wrapper\"><span class=\"embed-youtube\"><iframe class=\"youtube-player\" src=\"https:\/\/www.youtube.com\/embed\/EX1i9Jdfa1s?version=3&amp;rel=1&amp;showsearch=0&amp;showinfo=1&amp;iv_load_policy=1&amp;fs=1&amp;hl=en&amp;autohide=2&amp;wmode=transparent\" sandbox=\"allow-scripts allow-same-origin allow-popups allow-presentation\" allowfullscreen=\"allowfullscreen\" data-ratio=\"0.5630952380952381\" data-width=\"840\" data-height=\"473\" data-mce-fragment=\"1\"><\/iframe><\/span><\/div>\n<\/div>\n<\/figure>\n<p>I watched the new documentary Hot Money by\u00a0<a href=\"https:\/\/www.imdb.com\/name\/nm4848741\/?ref_=tt_ov_dr\" target=\"_blank\" rel=\"noreferrer noopener\">Susan Kucera<\/a>\u00a0tonight.<\/p>\n<p>An intelligent world-wise father (<a href=\"https:\/\/en.wikipedia.org\/wiki\/Wesley_Clark\" target=\"_blank\" rel=\"noreferrer noopener\">General Wesley Clark<\/a>) and his son discuss some of the problems we face with many smart participants. I don\u2019t think they interviewed a single idiot, which was refreshing.<\/p>\n<p>They know something is seriously wrong and make an honest attempt to connect the dots. They come tantalizingly close to a complete picture of reality, but miss the all important overshoot drivers of over population and declining returns from non-renewable energy.<\/p>\n<p>Which of course means they understand everything, except what matters.<\/p>\n<p>Nevertheless, Hot Money is excellent and worth watching because it has a lot of intelligent substance.<\/p>\n<p>I also think it indicates a growing mainstream awareness of how close we are to collapsing, and I suspect herd awareness (coupled with denial of the real causes) may be the trigger.<\/p>\n<p>Some of the important points made:<\/p>\n<ul>\n<li>the financial system is a bomb waiting to explode, climate change may be the trigger<\/li>\n<li>climate change is real and very serious<\/li>\n<li>droughts, floods, and fires are a big problem now<\/li>\n<li>it now takes more than 3 dollars of debt to create 1 dollar of growth, it used to take less than 1 dollar of debt to create 1 dollar of growth<\/li>\n<li>farmers are struggling and failing due to climate change, debt, high input costs, and low crop prices<\/li>\n<li>real incomes and living standards are falling despite lower taxes than the 50\u2019s<\/li>\n<li>some young couples are not having children because they see a terrible future<\/li>\n<li>it was much easier to make a profit in the good old days, doubly so if you were early enough to steal land from the aboriginals<\/li>\n<li>companies now invest more money in stock buy-backs than R&amp;D<\/li>\n<li>there is no such thing as trickle down economics<\/li>\n<\/ul>\n<p>\u2026click on the above link to read the rest of the article\u2026<\/p>\n<p>&nbsp;<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Hot Money I watched the new documentary Hot Money by\u00a0Susan Kucera\u00a0tonight. An intelligent world-wise father (General Wesley Clark) and his son discuss some of the problems we face with many smart participants. I don\u2019t think they interviewed a single idiot, which was refreshing. They know something is seriously wrong and make an honest attempt to [&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":[2,4,7],"tags":[141,195,317,341,12860,30702],"class_list":["post-56838","post","type-post","status-publish","format-standard","hentry","category-economics","category-environment","category-survival-2","tag-climate-change","tag-debt","tag-financial-system","tag-future","tag-hot-money","tag-un-denial"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/56838","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=56838"}],"version-history":[{"count":0,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/56838\/revisions"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=56838"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=56838"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=56838"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}