{"id":63742,"date":"2022-10-08T11:24:54","date_gmt":"2022-10-08T16:24:54","guid":{"rendered":"https:\/\/olduvai.ca\/?p=63742"},"modified":"2022-10-08T11:24:54","modified_gmt":"2022-10-08T16:24:54","slug":"the-31-trillion-dollar-question-can-the-fed-afford-to-pivot","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=63742","title":{"rendered":"The $31 Trillion Dollar Question \u2013 Can The Fed Afford to Pivot?"},"content":{"rendered":"<header class=\"post-header\">\n<h3 class=\"post-title\"><a href=\"https:\/\/tomluongo.me\/2022\/10\/06\/31-trillion-dollar-question-can-fed-afford-pivot\/\">The $31 Trillion Dollar Question \u2013 Can The Fed Afford to Pivot?<\/a><\/h3>\n<\/header>\n<figure class=\"post-image clear-fix\"><img loading=\"lazy\" decoding=\"async\" class=\"attachment-rowling-post-image size-rowling-post-image wp-post-image jetpack-lazy-image jetpack-lazy-image--handled\" src=\"https:\/\/i0.wp.com\/tomluongo.me\/wp-content\/uploads\/2022\/10\/UN-vs.-Fed.png?fit=816%2C407&amp;ssl=1\" sizes=\"auto, (max-width: 816px) 100vw, 816px\" srcset=\"https:\/\/i0.wp.com\/tomluongo.me\/wp-content\/uploads\/2022\/10\/UN-vs.-Fed.png?w=2526&amp;ssl=1 2526w, https:\/\/i0.wp.com\/tomluongo.me\/wp-content\/uploads\/2022\/10\/UN-vs.-Fed.png?resize=300%2C150&amp;ssl=1 300w, https:\/\/i0.wp.com\/tomluongo.me\/wp-content\/uploads\/2022\/10\/UN-vs.-Fed.png?resize=1024%2C511&amp;ssl=1 1024w, https:\/\/i0.wp.com\/tomluongo.me\/wp-content\/uploads\/2022\/10\/UN-vs.-Fed.png?resize=150%2C75&amp;ssl=1 150w, https:\/\/i0.wp.com\/tomluongo.me\/wp-content\/uploads\/2022\/10\/UN-vs.-Fed.png?resize=768%2C383&amp;ssl=1 768w, https:\/\/i0.wp.com\/tomluongo.me\/wp-content\/uploads\/2022\/10\/UN-vs.-Fed.png?resize=1536%2C766&amp;ssl=1 1536w, https:\/\/i0.wp.com\/tomluongo.me\/wp-content\/uploads\/2022\/10\/UN-vs.-Fed.png?resize=2048%2C1022&amp;ssl=1 2048w, https:\/\/i0.wp.com\/tomluongo.me\/wp-content\/uploads\/2022\/10\/UN-vs.-Fed.png?resize=816%2C407&amp;ssl=1 816w, https:\/\/i0.wp.com\/tomluongo.me\/wp-content\/uploads\/2022\/10\/UN-vs.-Fed.png?resize=400%2C200&amp;ssl=1 400w, https:\/\/i0.wp.com\/tomluongo.me\/wp-content\/uploads\/2022\/10\/UN-vs.-Fed.png?resize=160%2C80&amp;ssl=1 160w, https:\/\/i0.wp.com\/tomluongo.me\/wp-content\/uploads\/2022\/10\/UN-vs.-Fed.png?w=1232&amp;ssl=1 1232w, https:\/\/i0.wp.com\/tomluongo.me\/wp-content\/uploads\/2022\/10\/UN-vs.-Fed.png?w=1848&amp;ssl=1 1848w\" alt=\"\" width=\"816\" height=\"407\" data-attachment-id=\"15268\" data-permalink=\"https:\/\/tomluongo.me\/2022\/10\/06\/31-trillion-dollar-question-can-fed-afford-pivot\/un-vs-fed\/\" data-orig-file=\"https:\/\/i0.wp.com\/tomluongo.me\/wp-content\/uploads\/2022\/10\/UN-vs.-Fed.png?fit=2526%2C1260&amp;ssl=1\" data-orig-size=\"2526,1260\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"UN vs. Fed\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/tomluongo.me\/wp-content\/uploads\/2022\/10\/UN-vs.-Fed.png?fit=300%2C150&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/tomluongo.me\/wp-content\/uploads\/2022\/10\/UN-vs.-Fed.png?fit=616%2C307&amp;ssl=1\" data-lazy-loaded=\"1\" \/><\/figure>\n<div class=\"post-inner\">\n<div class=\"post-content\">\n<p>In my other role as a secret apologist for Russia and Vladimir Putin, I was contacted yesterday\u00a0<a href=\"https:\/\/sputniknews.com\/20221006\/the-united-states-debt-just-topped-31-trillion-what-needs-to-be-done-1101554257.html\">by Sputnik News to comment on the official US debt number surpassing $31 trillion<\/a>. I\u2019m always grateful for the opportunity to talk about these issues.<\/p>\n<p>I am, after all, a fiscal hawk extraordinaire,.<\/p>\n<p>At the same time, I\u2019m completely hip to why Sputnik (and RT) wanted to discuss this issue. They are running their own framing campaign, propaganda if you will. I\u2019m no one\u2019s\u00a0<em>useful idiot<\/em>\u00a0when it comes to these matters.<\/p>\n<p>They may have been looking for a dissident American voice to berate the US for its reckless spending, which fits the Russian media narrative that the US cannot sustain its current pressure campaign against Russia.<\/p>\n<p>This is meant to counter the West\u2019s narrative that Russia can\u2019t sustain its military operations in Ukraine.<\/p>\n<p>Hey, everyone\u2019s got a truth to tell. I get it, it\u2019s a war out there. All I can do is make the best use of the opportunities in front of me and tell my version of those truths. Because talking about things truthfully may actually get us one step back on the path towards peace rather than global war. That said, if I see no upside to the opportunity, the best thing to do is turn it down politely and wait for the next one.<\/p>\n<p>At the same time we all have to realize that Russian media outlets have a hard time booking guests at this point due to the massive political pressure. So, as always, I see the opportunity as a way to talk to everyone to further understanding these things, not just feed one side\u2019s attempt to shift the Overton Window.<\/p>\n<p>\u2026click on the above link to read the rest of the article\u2026<\/p>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The $31 Trillion Dollar Question \u2013 Can The Fed Afford to Pivot? In my other role as a secret apologist for Russia and Vladimir Putin, I was contacted yesterday\u00a0by Sputnik News to comment on the official US debt number surpassing $31 trillion. I\u2019m always grateful for the opportunity to talk about these issues. I am, [&hellip;]<\/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":[195,303,20914,16963,822,826,827,834,3650],"class_list":["post-63742","post","type-post","status-publish","format-standard","hentry","category-economics","tag-debt","tag-fed","tag-gold-goats-n-guns","tag-tom-luongo","tag-un","tag-united-nations","tag-united-states","tag-us","tag-us-federal-reserve"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/63742","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=63742"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/63742\/revisions"}],"predecessor-version":[{"id":63743,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/63742\/revisions\/63743"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=63742"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=63742"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=63742"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}