{"id":63289,"date":"2022-08-13T11:54:48","date_gmt":"2022-08-13T16:54:48","guid":{"rendered":"https:\/\/olduvai.ca\/?p=63289"},"modified":"2022-08-13T11:54:48","modified_gmt":"2022-08-13T16:54:48","slug":"its-game-over-for-the-fed-expect-a-monetary-rug-pull-soon","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=63289","title":{"rendered":"It\u2019s Game Over for the Fed\u2014Expect a Monetary \u201cRug Pull\u201d Soon\u2026"},"content":{"rendered":"
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It\u2019s Game Over for the Fed\u2014Expect a Monetary \u201cRug Pull\u201d Soon\u2026<\/a><\/h3>\n<\/header>\n
\"a<\/div>\n
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You often hear the media, politicians, and financial analysts casually toss around the word \u201ctrillion\u201d without appreciating what it means.<\/p>\n

A trillion is a massive, almost unfathomable number.<\/p>\n

The human brain has trouble understanding something so huge. So let me try to put it into perspective.<\/p>\n

If you earned $1 per second, it would take 11 days to make a million dollars.<\/p>\n

If you earned $1 per second, it would take 31 and a half years to make a billion dollars.<\/p>\n

And if you earned $1 per second, it would take 31,688 years to make a trillion dollars.<\/p>\n

So that\u2019s how enormous a trillion is.<\/p>\n

When politicians carelessly spend and print money measured in the trillions, you are in dangerous territory.<\/p>\n

And that is precisely what the Federal Reserve and the central banking system have enabled the US government to do.<\/p>\n

From the start of the Covid hysteria until today, the Federal Reserve has printed more money than it has for the entire existence of the US.<\/p>\n

For example, from the founding of the US, it took over 227 years to print its first $6 trillion. But in just a matter of months recently, the US government printed more than $6 trillion.<\/p>\n

During that period, the US money supply increased by a whopping 41%.<\/p>\n

In short, the Fed\u2019s actions amounted to the biggest monetary explosion that has ever occurred in the US.<\/p>\n

Initially, the Fed and its apologists in the media assured the American people its actions wouldn\u2019t cause severe price increases. But unfortunately, it didn\u2019t take long to prove that absurd assertion false.<\/p>\n

As soon as rising prices became apparent, the mainstream media and Fed claimed that the inflation was only \u201ctransitory\u201d and that there was nothing to be worried about. Then, when the inflation was obviously not \u201ctransitory,\u201d they told us \u201cinflation was actually a good thing.\u201d<\/p>\n

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

It\u2019s Game Over for the Fed\u2014Expect a Monetary \u201cRug Pull\u201d Soon\u2026 You often hear the media, politicians, and financial analysts casually toss around the word \u201ctrillion\u201d without appreciating what it means. A trillion is a massive, almost unfathomable number. The human brain has trouble understanding something so huge. So let me try to put it […]<\/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":[124,15374,172,303,538,11725,13351,3650],"class_list":["post-63289","post","type-post","status-publish","format-standard","hentry","category-economics","tag-central-banks","tag-consumer-price-inflation","tag-cpi","tag-fed","tag-money-printing","tag-nick-giambruno","tag-price-inflation","tag-us-federal-reserve"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/63289","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=63289"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/63289\/revisions"}],"predecessor-version":[{"id":63290,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/63289\/revisions\/63290"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=63289"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=63289"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=63289"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}