{"id":57780,"date":"2021-05-11T10:03:14","date_gmt":"2021-05-11T15:03:14","guid":{"rendered":"https:\/\/olduvai.ca\/?p=57780"},"modified":"2021-05-11T10:03:14","modified_gmt":"2021-05-11T15:03:14","slug":"confronted-with-a-nightmare-scenario-john-rubino-5-8-2021","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=57780","title":{"rendered":"Confronted with a Nightmare Scenario \u2013 John Rubino 5.8.2021"},"content":{"rendered":"
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Confronted with a Nightmare Scenario \u2013 John Rubino 5.8.2021<\/span><\/a><\/h3>\n<\/div>\n<\/div>\n
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Financial writer John Rubino says there is no easy way out for the financial and political mess the United States has created for itself.\u00a0 Rubino starts with the economic problems and explains, \u201cNow, inflation is starting to spread. . . . Look at lumber.\u00a0 If you are trying to build a house, it\u2019s $35,000 more now than it was two years ago just because of lumber.\u00a0 Iron ore, house prices, grains, food and you name it, we\u2019ve got inflation going on.\u00a0\u00a0<\/span>At the same time, we have an apparent labor shortage.\u00a0 All these companies are coming out and saying we would love to take on all the business we are being offered to us, but we don\u2019t have enough people.\u00a0 Even Uber and Lyft cannot find enough drivers.\u00a0 It\u2019s weird it is happening this soon, but we should not be surprised since we dumped tens of trillions of dollars into the economy over the past year.\u00a0 This is what you would expect if you get the money supply going up 30% or 40%, which it did.\u00a0 This is what you get.\u00a0 The economy overheats.\u00a0 Now, we are confronted with the nightmare scenario in a fiat currency system.\u00a0 Inflation starts to pick up, which it is.\u00a0 That sends interest rates higher, which is happening. \u00a0That threatens all the heavily indebted people out there because as rates go up, their costs rise.\u00a0 Then they go bankrupt in increasing numbers, and the system collapses.\u00a0 We are in the early stages in that kind of a process, and I don\u2019t think anybody knows what to do about it.\u201d<\/p>\n

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

Confronted with a Nightmare Scenario \u2013 John Rubino 5.8.2021 Financial writer John Rubino says there is no easy way out for the financial and political mess the United States has created for itself.\u00a0 Rubino starts with the economic problems and explains, \u201cNow, inflation is starting to spread. . . . Look at lumber.\u00a0 If you […]<\/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":[124,150,8757,413,426,7544,538,827,9699],"class_list":["post-57780","post","type-post","status-publish","format-standard","hentry","category-economics","tag-central-banks","tag-collapse","tag-greg-hunter","tag-hyperinflation","tag-inflation","tag-john-rubino","tag-money-printing","tag-united-states","tag-usa-watchdog"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/57780","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=57780"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/57780\/revisions"}],"predecessor-version":[{"id":57781,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/57780\/revisions\/57781"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=57780"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=57780"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=57780"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}