{"id":8774,"date":"2015-06-03T19:04:17","date_gmt":"2015-06-04T00:04:17","guid":{"rendered":"http:\/\/olduvai.ca\/?p=8774"},"modified":"2015-06-03T19:04:17","modified_gmt":"2015-06-04T00:04:17","slug":"a-much-bigger-threat-than-our-national-debt","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=8774","title":{"rendered":"A Much Bigger Threat Than Our National Debt"},"content":{"rendered":"

A Much Bigger Threat Than Our National Debt<\/a><\/h3>\n

The markets are acting as though it was already summer. They are wandering around with little ambition in either direction.<\/p>\n

Meanwhile, we\u2019ve been wondering about\u2026 and trying to explain\u2026 what it is we are really doing at the\u00a0Diary<\/em>.<\/p>\n

We expect a\u00a0violent monetary shock<\/a>, in which the dollar \u2013 the physical, paper dollar \u2013 disappears.<\/p>\n

But why?<\/p>\n

 <\/p>\n

Credit Bubble, the Sequel<\/h2>\n

As you know, we tend to take the side of the underdogs\u2026 as well as half-wits, dipsomaniacs, and unrepentant romantics.<\/p>\n

But currently, we are standing up for the young, the poor, and all the others the credit bubble has hurt and handicapped.<\/p>\n

It\u2019s not that we are saints or do-gooders. We are just trying to make a living, like everybody else.<\/p>\n

But we come at it from a different direction than most. Almost all the movers and shakers have the same bias: They want to see the credit extravaganza continue.<\/p>\n

The Federal Reserve has already \u201cinvested\u201d (if that\u2019s the right word for throwing phony money down the drain in a futile and jackass effort to hold off the future) $4.5 trillion to protect the balance sheets of the elite.<\/p>\n

This money has been amplified by zero-interest-rate policies to something like $17 trillion of stock market gains\u2026 and umpteen trillion in bond and real estate profits.<\/p>\n

Naturally, the people who own these things \u2013 and not coincidentally provide early stage funding for congressional and presidential candidates \u2013 do not want to see a new movie.<\/p>\n

They want to see the sequel,\u00a0Credit Bubble 5.\u00a0<\/em>Then\u00a0Credit Bubble 6<\/em>. And so on\u2026<\/p>\n

 <\/p>\n

And the show goes on! They buy their candidates. They place their ads. The newspapers they support voice their opinions. Their corporations wheel and deal on Wall Street, spinning off bonuses, fees\u2026 and even higher stock prices.<\/p>\n

And the pet economists appointed to run central banks do their bidding.<\/p>\n

 <\/p>\n

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

A Much Bigger Threat Than Our National Debt The markets are acting as though it was already summer. They are wandering around with little ambition in either direction. Meanwhile, we\u2019ve been wondering about\u2026 and trying to explain\u2026 what it is we are really doing at the\u00a0Diary. We expect a\u00a0violent monetary shock, in which the dollar […]<\/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":[1806,175,3203,195,4899,303,305,534,536,549,1940],"class_list":["post-8774","post","type-post","status-publish","format-standard","hentry","category-economics","tag-bubble","tag-credit","tag-credit-bubble","tag-debt","tag-economic-bubble","tag-fed","tag-federal-reserve","tag-monetary-policy","tag-money","tag-national-debt","tag-zero-interest-rate-policy"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/8774","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=8774"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/8774\/revisions"}],"predecessor-version":[{"id":8775,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/8774\/revisions\/8775"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=8774"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=8774"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=8774"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}