{"id":4257,"date":"2011-11-17T21:06:25","date_gmt":"2011-11-18T03:06:25","guid":{"rendered":"http:\/\/www.zmetro.com\/?p=4257"},"modified":"2011-11-17T21:06:25","modified_gmt":"2011-11-18T03:06:25","slug":"is-there-life-after-debt","status":"publish","type":"post","link":"https:\/\/www.zmetro.com\/?p=4257","title":{"rendered":"Is There Life After Debt?"},"content":{"rendered":"<p><a href=\"http:\/\/suddendebt.blogspot.com\/2011\/11\/is-there-life-after-debt.html\">Sudden Debt:<\/a><\/p>\n<blockquote><p><i>Fact: The debt crisis is global &#8211; and, yes, this includes the so-called creditor nations, such as China.  After all, in our fiat currency world it takes a debit in order to create a credit.<br \/>\n<br \/><Br><br \/>\nThe way we got into this mess is well known: the West foolishly (even criminally, if you ask me) gave up its industrial\/manufacturing base and the high earned-income jobs it generated, replacing them with services and low value-added jobs.  However, it didn&#8217;t lower its consuming and spending habits to balance the losses, instead it piled on debt from vendor nations, and constructed Rube Goldberg asset bubble contraptions that attempted to generate &#8220;wealth&#8221; out of thin air (e.g. real estate, derivative-based bonds, etc.).<\/i><\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"<p>Sudden Debt: Fact: The debt crisis is global &#8211; and, yes, this includes the so-called creditor nations, such as China. After all, in our fiat currency world it takes a debit in order to create a credit. The way we got into this mess is well known: the West foolishly (even criminally, if you ask [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[21,39,33,35,17],"tags":[],"_links":{"self":[{"href":"https:\/\/www.zmetro.com\/index.php?rest_route=\/wp\/v2\/posts\/4257"}],"collection":[{"href":"https:\/\/www.zmetro.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.zmetro.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.zmetro.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.zmetro.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=4257"}],"version-history":[{"count":1,"href":"https:\/\/www.zmetro.com\/index.php?rest_route=\/wp\/v2\/posts\/4257\/revisions"}],"predecessor-version":[{"id":4258,"href":"https:\/\/www.zmetro.com\/index.php?rest_route=\/wp\/v2\/posts\/4257\/revisions\/4258"}],"wp:attachment":[{"href":"https:\/\/www.zmetro.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4257"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.zmetro.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=4257"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.zmetro.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=4257"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}