{"id":17849,"date":"2021-02-16T08:06:21","date_gmt":"2021-02-16T15:06:21","guid":{"rendered":"http:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/?p=17849"},"modified":"2021-02-16T08:06:21","modified_gmt":"2021-02-16T15:06:21","slug":"overnight-news-if-america-was-already-broke-and-now-its-half-again-more-broke-then-what","status":"publish","type":"post","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/17849\/overnight-news-if-america-was-already-broke-and-now-its-half-again-more-broke-then-what\/","title":{"rendered":"Overnight News: If America was already broke, and now it\u2019s half-again more broke \u2013 then\u00a0what?"},"content":{"rendered":"

\"Ya

\u201cDogs who can’t get loans gnaw on imaginary bones.\u201d<\/p><\/div>Yesterday, I noted that, “One third of all American dollars are less than a year old.” What’s the implication?<\/p>\n

Since the quantity of available economic goods doesn’t change much, from year to year, it is reasonable to suppose that soon the dollar will have lost around a third of its purchasing power.<\/p>\n

Hard to measure right now, with the “market basket” so COVID-skewed, but we have massively increased the amount of money chasing goods, so we should expect to see prices of everything rise to meet that “inflated” demand.<\/p>\n

Under Trump, economic output was surging everywhere, tempering his complete lack of fiscal temperance. We know the opposite will be true under China Joe, so the inflationary sugar high is likely to have an ugly hangover.<\/p>\n

The teeny tiny filigree on fiat money that no one ever reads says this, over and over again: “Hell is to have been paid.” Bank on that.<\/p>\n

In other news:<\/p>\n

Joel Pollak:<\/strong> San Francisco \u2018Feels Like a Tomb\u2019 as Companies Embrace \u2018Work from Home\u2019.<\/a><\/p>\n

John Hinderaker:<\/strong> Why has Texas gone dark?.<\/a><\/p>\n

Thomas Lifson:<\/strong> Dems introduce legislation to kill the gig economy, destroy millions of jobs.<\/a><\/p>\n

John Daniel Davidson:<\/strong> Mitch McConnell Doesn\u2019t Care If The Election Was Tainted, But You Should.<\/a><\/p>\n

Matt Vespa:<\/strong> An Emerging and Tragic Side Effect of COVID Has Hit San Francisco.<\/a><\/p>\n

Steven Malanga:<\/strong> The Amazon Effect: The Internet giant has been a key driver of job growth and productivity during the pandemic, but unionization efforts could undermine its e-commerce model.<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

\u201cDogs who can’t get loans gnaw on imaginary bones.\u201dYesterday, I noted that, “One third of all American dollars are less than a year old.” What’s the implication? Since the quantity of available economic goods doesn’t change much, from year to year, it is reasonable to suppose that soon the dollar will have lost around a […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_crdt_document":"","jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[29,26,6,5],"tags":[],"class_list":{"0":"post-17849","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"hentry","6":"category-group-therapy","7":"category-lending","8":"category-marketing","9":"category-real-estate","11":"no-featured-image"},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":3282,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/3282\/casual-friday-caption-this-photo\/","url_meta":{"origin":17849,"position":0},"title":"Casual Friday: Caption this photo","author":"Greg Swann","date":"June 27, 2008","format":false,"excerpt":"My entry: \"Because I happen to like Argyle socks, that's why!\"","rel":"","context":"In "Casual Friday"","block_context":{"text":"Casual Friday","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/casual-friday\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":3822,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/3822\/caption-this-photo-president-bush-at-the-olympics\/","url_meta":{"origin":17849,"position":1},"title":"Caption this photo: President Bush at the Olympics","author":"Greg Swann","date":"August 9, 2008","format":false,"excerpt":"My entry: \"A gentleman always makes eye-contact.\"","rel":"","context":"In "Casual Friday"","block_context":{"text":"Casual Friday","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/casual-friday\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":8385,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/8385\/caption-me-this-magnum\/","url_meta":{"origin":17849,"position":2},"title":"Caption Me This Magnum","author":"Brian Brady","date":"May 13, 2009","format":false,"excerpt":"My vote?\u00a0 \"Who let Higgins in to your closet, Thomas? \" Sometimes, you just gotta have a sense of humor.","rel":"","context":"In "Casual Friday"","block_context":{"text":"Casual Friday","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/casual-friday\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":3289,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/3289\/shout-out-a-toast-to-life-abundant-and-caption-this-photo\/","url_meta":{"origin":17849,"position":3},"title":"Shout out a toast to life abundant — and caption this photo","author":"Greg Swann","date":"June 28, 2008","format":false,"excerpt":"Sez me: \"Bill Gates stole this facial expression from me and I want it back!\"","rel":"","context":"In "Casual Friday"","block_context":{"text":"Casual Friday","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/casual-friday\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":14685,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/14685\/caption-obama-before-his-face-freezes-like-that\/","url_meta":{"origin":17849,"position":4},"title":"Caption Obama — before his face freezes like that.","author":"Greg Swann","date":"June 15, 2011","format":false,"excerpt":"My vote: \"I don't get it. This stunt always used to work with my Gammy.\"","rel":"","context":"In "Big Mother"","block_context":{"text":"Big Mother","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/big-mother\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":8372,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/8372\/caption-this-photo-todd-carpenter-at-the-nar-mid-year-flamboozlepalooza\/","url_meta":{"origin":17849,"position":5},"title":"Caption this: Todd Carpenter at the NAR Mid-Year flamboozlepalooza","author":"Greg Swann","date":"May 12, 2009","format":false,"excerpt":"My votes: \"MIBOR? That's above my pay grade.\" And: \"No, this is not a clip-on tie!\"","rel":"","context":"In "Casual Friday"","block_context":{"text":"Casual Friday","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/casual-friday\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/17849","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/comments?post=17849"}],"version-history":[{"count":1,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/17849\/revisions"}],"predecessor-version":[{"id":17850,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/17849\/revisions\/17850"}],"wp:attachment":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/media?parent=17849"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/categories?post=17849"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/tags?post=17849"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}