{"id":63214,"date":"2022-08-02T09:20:09","date_gmt":"2022-08-02T14:20:09","guid":{"rendered":"https:\/\/olduvai.ca\/?p=63214"},"modified":"2022-08-02T09:20:09","modified_gmt":"2022-08-02T14:20:09","slug":"lying-about-the-economy-will-only-make-the-coming-crash-worse","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=63214","title":{"rendered":"Lying About The Economy Will Only Make The Coming Crash Worse"},"content":{"rendered":"
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Lying About The Economy Will Only Make The Coming Crash Worse<\/a><\/h3>\n

I don’t know who needs to hear this. Wait, yes I do. The Biden Administration.<\/strong><\/p>\n<\/div>\n

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I really don\u2019t know how to describe the disturbing trend over the last few months of the Biden administration, along with Treasury Secretary Janet Yellen, simply lying to the American people about the economy.<\/p>\n

Months worth of political spin has culminated in embarrassing recent attempts to\u00a0redefine the word<\/a>\u00a0\u201crecession\u201d: a futile effort to pull the wool over an American public that is growing increasingly suspect both Biden and Yellen\u2019s competence to be overseeing the the country, and the economy, respectively.<\/p>\n

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By now, the administration\u2019s pathetic falsehood of a narrative about our economy has been called out, ridiculed, dismantled and generally beaten to death by anyone with a shred of common sense.<\/p>\n

However, there is something far more important that people\u00a0aren\u2019t<\/em>\u00a0talking about:\u00a0the administration lying about the health of the economy could wind up exacerbating any financial crisis that we have in the near future.<\/strong><\/p>\n

Put simply, the more you tell people that \u201ceverything is fine\u201d when it isn\u2019t, the more surprised and shocked they are going to be\u00a0when markets start to panic.<\/p>\n

I don\u2019t think a market crash is an outrageous scenario that has no chance of happening, either. I noted in my latest\u00a0portfolio update<\/a>\u00a0that I thought the market could have a short-term rally based on the idea of participants thinking that the Fed\u00a0is preparing to pivot.<\/p>\n

But over the course of the longer-term, the rate hikes that have already been put into place are going to eventually make their way to the economic-narrative-foreground in the form of huge forthcoming aftershocks throughout the economy.<\/p>\n

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

Lying About The Economy Will Only Make The Coming Crash Worse I don’t know who needs to hear this. Wait, yes I do. The Biden Administration. I really don\u2019t know how to describe the disturbing trend over the last few months of the Biden administration, along with Treasury Secretary Janet Yellen, simply lying to the […]<\/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":[2,6],"tags":[31457,32068,3977,1426,20223],"class_list":["post-63214","post","type-post","status-publish","format-standard","hentry","category-economics","category-liberty","tag-biden-administration","tag-fringe-finance","tag-lying","tag-misinformation","tag-quoth-the-raven"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/63214","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=63214"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/63214\/revisions"}],"predecessor-version":[{"id":63215,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/63214\/revisions\/63215"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=63214"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=63214"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=63214"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}