{"id":59154,"date":"2021-08-29T13:30:16","date_gmt":"2021-08-29T18:30:16","guid":{"rendered":"https:\/\/olduvai.ca\/?p=59154"},"modified":"2021-08-29T13:30:16","modified_gmt":"2021-08-29T18:30:16","slug":"fed-prints-money-or-the-whole-thing-blows-up-craig-hemke","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=59154","title":{"rendered":"Fed Prints Money or the Whole Thing Blows Up-Craig Hemke"},"content":{"rendered":"
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Fed Prints Money or the Whole Thing Blows Up-Craig Hemke<\/a><\/h3>\n<\/header>\n
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\"\"<\/a>By Greg Hunter\u2019s\u00a0USAWatchdog.com<\/a><\/strong>\u00a0(Saturday Night Post)<\/p>\n

Financial writer, market analyst and precious metals expert Craig Hemke says the Fed has all but said it was going to delay the so-called \u201ctaper\u201d of easy money policies\u2013forever.\u00a0 This is why gold and silver spiked as the dollar tanked on Friday.\u00a0 Hemke contends, \u201cThe Chinese, four months in a row, have been net sellers of Treasuries. . . . They\u2019re not buying them. \u00a0Well, somebody has got to buy.\u00a0 Congress just announced this week that they came to a deal where they are going to spend $4.1 trillion on what is allegedly called infrastructure. . . . The money has got to come from somewhere.\u00a0<\/span>There is this notion that they are just going to raise taxes on rich people.\u00a0 Rich people are just going to change how they spend and do their taxes.\u00a0 Who is going to loan us money?\u00a0 It\u2019s not going to be the Chinese or other foreign countries because they don\u2019t have confidence in us anymore.\u00a0 So, the money is going to come from somewhere.\u00a0 Of course, the Fed is going to keep monetizing the debt because if they don\u2019t, interest rates have got to rise to a point people are willing to loan it to the U.S.\u00a0 If interest rates go to 3% or 5%, the whole thing blows up.\u201d<\/p>\n

Hemke points out, \u201cAll we can do is prepare for a time when this finally implodes because it will.\u00a0 Confidence will eventually collapse.\u00a0 Confidence is like Hemmingway\u2019s explanation of how he went bankrupt.\u00a0 He was asked, \u2018How did you go broke?\u2019\u00a0 He said, \u2018At first slowly, and then, all at once.\u2019…<\/p>\n

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

Fed Prints Money or the Whole Thing Blows Up-Craig Hemke By Greg Hunter\u2019s\u00a0USAWatchdog.com\u00a0(Saturday Night Post) Financial writer, market analyst and precious metals expert Craig Hemke says the Fed has all but said it was going to delay the so-called \u201ctaper\u201d of easy money policies\u2013forever.\u00a0 This is why gold and silver spiked as the dollar tanked […]<\/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":[9023,303,1849,8757,538,839,3650,9699],"class_list":["post-59154","post","type-post","status-publish","format-standard","hentry","category-economics","tag-craig-hemke","tag-fed","tag-financial-markets","tag-greg-hunter","tag-money-printing","tag-us-dollar","tag-us-federal-reserve","tag-usa-watchdog"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/59154","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=59154"}],"version-history":[{"count":0,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/59154\/revisions"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=59154"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=59154"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=59154"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}