{"id":57323,"date":"2021-03-29T19:32:13","date_gmt":"2021-03-30T00:32:13","guid":{"rendered":"https:\/\/olduvai.ca\/?p=57323"},"modified":"2021-03-29T19:32:13","modified_gmt":"2021-03-30T00:32:13","slug":"the-hazardous-detour-in-the-road-to-recovery-few-foresee","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=57323","title":{"rendered":"The Hazardous Detour in the Road to “Recovery” Few Foresee"},"content":{"rendered":"

The Hazardous Detour in the Road to “Recovery” Few Foresee<\/a><\/h3>\n

As the level of Fed smack and crack needed to maintain the high increases, system fragility increases geometrically.<\/i><\/p>\n

You know the\u00a0plot point<\/i>\u00a0in the horror film where the highway is blocked and a\u00a0detour<\/i>\u00a0sign directs the car full of naive teens off onto a rutted track into the wilderness? We’re right there<\/b>\u00a0in the narrative of “the road to recovery”: the highway that everyone expected would be smooth and wide open is about to be detoured into a rutted track that peters out in a wilderness without any lights or signage.<\/p>\n

Oops–no cell coverage out here either.<\/b>\u00a0Is that the road over there? Guess not–we just careened into a canyon alive with the roar of a raging river. Our vehicle keeps sliding downhill, even with the brakes locked… this trip to “recovery” was supposed to be so quick and easy, and now there’s no way out… what’s that noise?<\/p>\n

You know the rest: the naive, trusting teens are picked off one by one in the most horrific fashion.<\/b>\u00a0Substitute naive punters in the stock market and you have the script for what lies ahead.<\/p>\n

The “recovery” has an unfortunate but all-too accurate connotation: recovery from addiction.<\/b>\u00a0The “recovery” we’ve been told is already accelerating at a wondrous pace does not include any treatment of the market’s addiction to Federal Reserve\u00a0free money for financiers<\/i>; rather, the “recovery” is entirely dependent on a never-ending\u00a0speedball of Fed smack and crack<\/i>\u00a0and a booster of Fed financial meth.<\/p>\n

The addiction to Fed\u00a0speedballs<\/i>\u00a0had already turned the entire financial sector into a casino of lunatic junkies who delusionally believe they’re all geniuses<\/b>. Beneath the illusory stability of\u00a0the god-like Fed has our back<\/i>, the addiction to\u00a0free money<\/i> has completely destabilized America’s social, political and economic orders by boosting wealth and income inequality to unprecedented extremes.<\/p>\n

\u2026click on the above link to read the rest of the article\u2026<\/p>\n

charles hugh smith, of two minds, fed, us federal reserve, covid, pandemic,<\/p>\n","protected":false},"excerpt":{"rendered":"

The Hazardous Detour in the Road to “Recovery” Few Foresee As the level of Fed smack and crack needed to maintain the high increases, system fragility increases geometrically. You know the\u00a0plot point\u00a0in the horror film where the highway is blocked and a\u00a0detour\u00a0sign directs the car full of naive teens off onto a rutted track into […]<\/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":[24078,29341,303,587,607,3650],"class_list":["post-57323","post","type-post","status-publish","format-standard","hentry","category-economics","tag-charles-hugh-smith-2","tag-covid","tag-fed","tag-of-two-minds","tag-pandemic","tag-us-federal-reserve"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/57323","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=57323"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/57323\/revisions"}],"predecessor-version":[{"id":57324,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/57323\/revisions\/57324"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=57323"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=57323"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=57323"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}