{"id":367526,"date":"2018-07-01T07:10:54","date_gmt":"2018-07-01T06:10:54","guid":{"rendered":"http:\/\/rinf.com\/alt-news\/newswire\/on-tipping-points-and-authoritarian-peril\/"},"modified":"2018-07-01T07:10:54","modified_gmt":"2018-07-01T06:10:54","slug":"on-tipping-points-and-authoritarian-peril","status":"publish","type":"post","link":"http:\/\/rinf.com\/alt-news\/newswire\/on-tipping-points-and-authoritarian-peril\/","title":{"rendered":"On Tipping Points and Authoritarian Peril"},"content":{"rendered":"<div itemprop=\"articleBody\">\n<div id=\"attachment_101188\" style=\"width: 520px\" class=\"wp-caption alignnone\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-101188\" src=\"https:\/\/uziiw38pmyg1ai60732c4011-wpengine.netdna-ssl.com\/wp-content\/dropzone\/2018\/04\/Screen-Shot-2018-04-09-at-9.09.00-PM.png\" alt=\"\" width=\"510\" height=\"302\" srcset=\"https:\/\/uziiw38pmyg1ai60732c4011-wpengine.netdna-ssl.com\/wp-content\/dropzone\/2018\/04\/Screen-Shot-2018-04-09-at-9.09.00-PM.png 510w, https:\/\/uziiw38pmyg1ai60732c4011-wpengine.netdna-ssl.com\/wp-content\/dropzone\/2018\/04\/Screen-Shot-2018-04-09-at-9.09.00-PM-300x177.png 300w, https:\/\/uziiw38pmyg1ai60732c4011-wpengine.netdna-ssl.com\/wp-content\/dropzone\/2018\/04\/Screen-Shot-2018-04-09-at-9.09.00-PM-768x454.png 768w\" sizes=\"auto, (max-width: 510px) 100vw, 510px\"\/><\/p>\n<p class=\"wp-caption-text\">Photo by Graham C99 | <a href=\"https:\/\/creativecommons.org\/licenses\/by\/2.0\/\">CC BY 2.0<\/a><\/p>\n<\/div>\n<p>The Tangerine Tosser\u2019s triple trade tiff \u2013 with China, the European Union, and the United States\u2019 NAFTA partners (Canada and Mexico) \u2013 has the potential to spark an American and global economic meltdown.\u00a0 Classic signs of a coming collapse have been evident for some time: wage stagnation for the many alongside skyrocketing wealth for the ever more absurdly opulent few (<a href=\"https:\/\/www.theguardian.com\/business\/2017\/nov\/08\/bill-gates-jeff-bezos-warren-buffett-wealthier-than-poorest-half-of-us\">three of whom now possess<\/a>between them the same net worth as the poorest half of the U.S. populace); colossal accumulated corporate, government, student loan, and credit card debt; rampant surplus and \u201cfictitious\u201d capital devoted to speculative rather than productive investment; capitalist profits far beyond real economic growth; wildly unsustainable stock market values (artificially buoyed by debt and corporate buybacks); the deregulation of financial markets and institutions.<\/p>\n<p>As the astute Goldman Sachs veteran and financial commentator <a href=\"http:\/\/www.nomiprins.com\/thoughts\/tag\/trump\">Nomi Prins noted last January<\/a>, \u201cThere will be a tipping point \u2013 when money coming in to furnish that debt, or available to borrow, simply won\u2019t cover the interest payments. Then debt bubbles will pop, beginning with higher yielding bonds.\u00a0\u00a0Leverage is a patient enemy.\u201d<\/p>\n<p>The next financial \u201ccorrection\u201d could cut deeper than the last one, \u201cthe Great Recession.\u201d\u00a0 That\u2019s because, <a href=\"https:\/\/steemit.com\/money\/@etcmike\/greg-hunter-interview-nomi-prins-debt-will-ultimately-destroy-the-financial-system\">as Prins argues in her latest book <em>Collusion: How Central Bankers Rigged the World, <\/em><\/a>\u201cthere is no Plan B\u201d this time. Interest rates&#8230;<\/p>\n<\/div>\n<p><a href=\"https:\/\/www.counterpunch.org\/2018\/06\/29\/trumps-trade-tantrum-on-tipping-points-and-authoritarian-peril\/\">Read more<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Photo by Graham C99 | CC BY 2.0 The Tangerine Tosser\u2019s triple trade tiff \u2013 with China, the European Union, and the United States\u2019 NAFTA partners (Canada and Mexico) \u2013 has the potential to spark an American and global economic meltdown.\u00a0 Classic signs of a coming collapse have been evident for some time: wage stagnation [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[519],"tags":[],"class_list":{"0":"post-367526","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-newswire"},"_links":{"self":[{"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/posts\/367526","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/comments?post=367526"}],"version-history":[{"count":0,"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/posts\/367526\/revisions"}],"wp:attachment":[{"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/media?parent=367526"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/categories?post=367526"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/tags?post=367526"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}