{"id":6536,"date":"2015-03-16T18:36:01","date_gmt":"2015-03-16T23:36:01","guid":{"rendered":"http:\/\/olduvai.ca\/?p=6536"},"modified":"2015-03-16T18:36:01","modified_gmt":"2015-03-16T23:36:01","slug":"american-amoeba","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=6536","title":{"rendered":"American Amoeba"},"content":{"rendered":"<h3 class=\"title\"><a title=\"American Amoeba\" href=\"http:\/\/kunstler.com\/clusterfuck-nation\/american-amoeba\/\" rel=\"bookmark\">American Amoeba<\/a><\/h3>\n<p>&nbsp;<\/p>\n<p><span class=\"dropcap\">T<\/span>he money-moving world waits on tenterhooks for the Wednesday appearance of America\u2019s oracle, Janet Yellen, to step out of her grotto and state whether or not she feels twinges of<em>patience<\/em>. Wikipedia notes that Pythia, the original priestess of Delphi \u201c\u2026delivered oracles in a frenzied state induced by vapors rising from a chasm in the rock, and that she spoke gibberish which priests interpreted as the enigmatic prophecies preserved in Greek literature.\u201d Some things never change.<\/p>\n<p>Patience for what? Well, whether to raise the Federal Reserve\u2019s benchmark short-term interest rate from near-zero to something microscopically above zero. This is what the world foolishly turns on. And, of course, also some oracular hint as to whether this momentous move might occur in April, June, September, or not at all.<\/p>\n<p>Some canny observers of the vaudeville that US money policy has become \u2014 namely, Jim Rickards, David Stockman, Peter Schiff \u2014 maintain that Yellen and her Fed are boxed in and can really do nothing. Their policies and interventions regarding the flows of capital have done nothing so far but disable the normal operations of markets and distort the valuation of everything, especially the cost of renting money itself \u2014 for that is what happens when you take out a loan. The net result of all that is a financial picture that no longer reflects anything truthful about the actual economy, being a trade in goods and services.<\/p>\n<p>&#8230;click on the above link to read the rest of the article&#8230;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>American Amoeba &nbsp; The money-moving world waits on tenterhooks for the Wednesday appearance of America\u2019s oracle, Janet Yellen, to step out of her grotto and state whether or not she feels twinges ofpatience. Wikipedia notes that Pythia, the original priestess of Delphi \u201c\u2026delivered oracles in a frenzied state induced by vapors rising from a chasm [&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":[303,305,451,536,661,662],"class_list":["post-6536","post","type-post","status-publish","format-standard","hentry","category-economics","tag-fed","tag-federal-reserve","tag-janet-yellen","tag-money","tag-qe","tag-quantitative-easing"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/6536","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=6536"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/6536\/revisions"}],"predecessor-version":[{"id":6537,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/6536\/revisions\/6537"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=6536"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=6536"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=6536"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}