{"id":9620,"date":"2015-07-02T05:56:20","date_gmt":"2015-07-02T10:56:20","guid":{"rendered":"http:\/\/olduvai.ca\/?p=9620"},"modified":"2015-07-02T05:57:21","modified_gmt":"2015-07-02T10:57:21","slug":"who-will-be-the-last-to-crash","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=9620","title":{"rendered":"Who Will Be the Last to Crash?"},"content":{"rendered":"<h3 class=\"entry-title\"><a href=\"http:\/\/www.freemansperspective.com\/will-last-crash\/\" target=\"_blank\">Who Will Be the Last to Crash?\u00a0<\/a><\/h3>\n<div class=\"entry-meta\"><\/div>\n<div class=\"entry-content\">\n<div class=\"addthis_toolbox addthis_floating_style addthis_counter_style\">\u00a0<img loading=\"lazy\" decoding=\"async\" class=\"alignright size-medium wp-image-5843\" src=\"http:\/\/www.freemansperspective.com\/wp-content\/uploads\/2015\/06\/lasttocrash-300x198.jpg\" alt=\"lasttocrash\" width=\"300\" height=\"198\" \/>This is the question that astute investors are forced to ask themselves these days. No reasonable person believes that a system of ever-expanding debt can resolve painlessly. It simply cannot happen\u2026 not, at least, until 2+2 stops equaling four.<\/div>\n<p>But the international money system, while deeply interconnected, can implode in sections. In fact, it\u2019s highly unlikely that it will crash as a single unit.<\/p>\n<p>So, if you have significant moneys to invest, you end up coming back to our question:\u00a0<em>Who will be the last to crash?<\/em>\u00a0Once you decide that, you can concentrate your assets in that place, hoping to come through the crash with at least most of your value intact.<\/p>\n<p>Let\u2019s look at several aspects of this:<\/p>\n<h3><strong>#1: Background statistics:<\/strong><\/h3>\n<ul>\n<li>World debt is upwards of $200 trillion, and growing steadily. World GDP is $70-some trillion, only about a third of the debt. This debt will not be paid back. Massive amounts of debt will have to be written off in losses.<\/li>\n<li>US debt is north of $18 trillion. (Amazingly, *cough*, it hasn\u2019t changed in months *cough*.) Forward promises are north of $200 trillion, meaning that a child born today is responsible to repay $625,000. And since roughly half the US population pays no income tax\u2026 and presuming that this newborn will be\u00a0<a href=\"http:\/\/www.freemansperspective.com\/dignity\/\">a member of the productive half<\/a>\u2026 he or she is born $1.25 million in debt. Such repayments will never happen. Most of those debts will not be repaid.<\/li>\n<li>Japan is worse off than the US. The UK is bad. Many EU countries are worse.<\/li>\n<\/ul>\n<p>These numbers, by the way, are ignoring more than a quadrillion dollars of derivatives and lots of other monkey business. (Rehypothecation, *cough*, *cough*.)<\/p>\n<p>&#8230;click on the above link to read the rest of the article&#8230;<\/p>\n<\/div>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Who Will Be the Last to Crash?\u00a0 \u00a0This is the question that astute investors are forced to ask themselves these days. No reasonable person believes that a system of ever-expanding debt can resolve painlessly. It simply cannot happen\u2026 not, at least, until 2+2 stops equaling four. But the international money system, while deeply interconnected, can [&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":[150,173,951,195,200,236,6892,500,536],"class_list":["post-9620","post","type-post","status-publish","format-standard","hentry","category-economics","tag-collapse","tag-crash","tag-currency","tag-debt","tag-default","tag-economic-collapse","tag-international-money-system","tag-market-collapse","tag-money"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/9620","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=9620"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/9620\/revisions"}],"predecessor-version":[{"id":9621,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/9620\/revisions\/9621"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=9620"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=9620"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=9620"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}