{"id":66014,"date":"2023-10-24T06:37:19","date_gmt":"2023-10-24T11:37:19","guid":{"rendered":"https:\/\/olduvai.ca\/?p=66014"},"modified":"2023-10-24T06:37:19","modified_gmt":"2023-10-24T11:37:19","slug":"debt-currency-debasement-war-the-timeless-pillars-of-failure","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=66014","title":{"rendered":"Debt, Currency Debasement &#038; War\u2014The Timeless Pillars of Failure"},"content":{"rendered":"<header class=\"c-blog-article__header\">\n<h3 class=\"c-blog-article__title\"><a href=\"https:\/\/goldswitzerland.com\/debt-currency-debasement-war-the-timeless-pillars-of-failure\/\">Debt, Currency Debasement &amp; War\u2014The Timeless Pillars of Failure<\/a><\/h3>\n<\/header>\n<div class=\"c-blog-article__content\">\n<p>Below, we follow the breadcrumbs of simple math and bond market signals toward an oft-repeated pattern of how once-great nations become, well\u2026not so great any more.<\/p>\n<p id=\"h-debt-destroys-nations\" class=\"wp-block-heading\"><strong>Debt Destroys Nations<\/strong><\/p>\n<p>Debt, once it passes the Rubicon from extreme to just plain madness,\u00a0<a href=\"https:\/\/goldswitzerland.com\/the-philosophy-of-debt-the-math-of-precious-metals\/\"><strong>destroys nations<\/strong>.<\/a><\/p>\n<p>Just ask the former Spanish, British or Dutch empires. Or ask the inter-war Germans. Ask the Yugoslavians of the 1990\u2019s or ask a historian of Ancient Rome or a merchant in modern Argentina.<\/p>\n<p>It\u2019s all pretty much the same story, just different a different stage or curtain call.<\/p>\n<p>Like Hemingway\u2019s description of poverty, the process begins slowly at first, and then all at once.<\/p>\n<p>Part of this process involves currency debasement needed to pay down more desperate issuance of IOUs, a process evidenced by rising rather than \u201ctransitory\u201d inflation.<\/p>\n<p>Thereafter, comes increased social unrest, and hence increased centralization from the political left or right in the name of \u201cwhat\u2019s best for us.\u201d<\/p>\n<p>Sound\u00a0<a href=\"https:\/\/goldswitzerland.com\/2023-the-abcs-of-cbdc-the-great-resets-more-centralized-control\/\"><strong>familiar<\/strong><\/a>?<\/p>\n<p id=\"h-centralization-the-last-failed-act\" class=\"wp-block-heading\"><strong>Centralization\u2014The Last, Failed Act<\/strong><\/p>\n<p>Centralization never works in the long run, but that has never stopped opportunists from trying.<\/p>\n<p>Just look at our central bankers.<\/p>\n<p>In a centralized rather than free market, the very name \u201ccentral bank\u201d should be a dead give-away as to their real role and profile.<\/p>\n<p>As private central banks have been slowly increasing their hidden power and control over national markets and hence national welfare, the very notion of free price discovery in bonds, and indirectly in stocks, is now all but an extinct financial creature in the\u00a0<a href=\"https:\/\/goldswitzerland.com\/dying-capitalism-the-new-feudalism\/\"><strong>neo-feudalism<\/strong><\/a>\u00a0which long ago replaced genuine capitalism.<\/p>\n<p id=\"h-how-the-central-game-is-played-from-temporary-prosperity-to-permanent-ruin\" class=\"wp-block-heading\"><strong>How the Central Game is Played\u2014From Temporary Prosperity to Permanent Ruin<\/strong><\/p>\n<p>When central banks like the Fed repress rates and print gobs and gobs of money, bonds are artificially supported, which means their prices go up and their yields are compressed.<\/p>\n<p>\u2026click on the above link to read the rest\u2026<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Debt, Currency Debasement &amp; War\u2014The Timeless Pillars of Failure Below, we follow the breadcrumbs of simple math and bond market signals toward an oft-repeated pattern of how once-great nations become, well\u2026not so great any more. Debt Destroys Nations Debt, once it passes the Rubicon from extreme to just plain madness,\u00a0destroys nations. Just ask the former [&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":[124,5062,150,5059,195,18507,31019,3174,862],"class_list":["post-66014","post","type-post","status-publish","format-standard","hentry","category-economics","tag-central-banks","tag-centralisation","tag-collapse","tag-currency-debasement","tag-debt","tag-gold-switzerland","tag-matthew-piepenburg","tag-social-unrest","tag-war"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/66014","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=66014"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/66014\/revisions"}],"predecessor-version":[{"id":66015,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/66014\/revisions\/66015"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=66014"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=66014"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=66014"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}