{"id":110582,"date":"2022-03-29T09:13:21","date_gmt":"2022-03-29T13:13:21","guid":{"rendered":"http:\/\/stateofthenation.co\/?p=110582"},"modified":"2022-03-30T08:31:30","modified_gmt":"2022-03-30T12:31:30","slug":"russia-just-broke-the-paper-gold-suppression-scheme","status":"publish","type":"post","link":"https:\/\/stateofthenation.co\/?p=110582","title":{"rendered":"<h1><b>&#8220;Russia just broke the paper gold suppression scheme!&#8221;<\/b><\/h1>"},"content":{"rendered":"<p><!--more--><\/p>\n<h1><strong>#GotGoldorRubles? Russia Just<br \/>\nBroke the Back of the West<\/strong><\/h1>\n<p>Tom Luongo<br \/>\n<a title=\"Gold Goats 'n Guns \u2014 Speaking Truth, Destroying Narratives about Politics, Markets and Culture\" href=\"https:\/\/tomluongo.me\/\" rel=\"home\">Gold Goats &#8216;n Guns<\/a><\/p>\n<p>I don\u2019t think everyone has yet caught the significance of Russia announcing they are putting a floor under the price of gold. \u00a0But, to be clear, Russia just broke the paper gold suppression scheme.<\/p>\n<p>On Friday the Bank of Russia announced:<\/p>\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\">\n<div class=\"wp-block-embed__wrapper\">\n<div class=\"twitter-tweet\">\n<div class=\"twitter-tweet twitter-tweet-rendered\"><iframe id=\"twitter-widget-0\" class=\"\" title=\"Twitter Tweet\" src=\"https:\/\/platform.twitter.com\/embed\/Tweet.html?creatorScreenName=tfl1728&amp;dnt=false&amp;embedId=twitter-widget-0&amp;features=eyJ0ZndfZXhwZXJpbWVudHNfY29va2llX2V4cGlyYXRpb24iOnsiYnVja2V0IjoxMjA5NjAwLCJ2ZXJzaW9uIjpudWxsfSwidGZ3X2hvcml6b25fdHdlZXRfZW1iZWRfOTU1NSI6eyJidWNrZXQiOiJodGUiLCJ2ZXJzaW9uIjpudWxsfSwidGZ3X3NrZWxldG9uX2xvYWRpbmdfMTMzOTgiOnsiYnVja2V0IjoiY3RhIiwidmVyc2lvbiI6bnVsbH0sInRmd19zcGFjZV9jYXJkIjp7ImJ1Y2tldCI6Im9mZiIsInZlcnNpb24iOm51bGx9fQ%3D%3D&amp;frame=false&amp;hideCard=false&amp;hideThread=false&amp;id=1507389521377247233&amp;lang=en&amp;origin=https%3A%2F%2Ftomluongo.me%2F2022%2F03%2F28%2Fgot-gold-rubles-russia-just-broke-the-back-of-the-west%2F&amp;partner=tfwp&amp;sessionId=a6abe2974f792c97236426c3ae789a82b726239e&amp;siteScreenName=TFL1728&amp;theme=light&amp;widgetsVersion=2582c61%3A1645036219416&amp;width=550px\" frameborder=\"0\" scrolling=\"no\" allowfullscreen=\"allowfullscreen\" data-tweet-id=\"1507389521377247233\" data-mce-fragment=\"1\"><\/iframe><\/div>\n<\/div>\n<\/div>\n<\/figure>\n<p>RUB5000 to the ounce at an exchange rate of 100 RUB\/USD implies a $1550 per ounce gold price.<\/p>\n<p>For a few days previous to this announcement, which they knew was coming, The West was running around with multiple bits of legislation to try and keep the Russians from selling their gold.<\/p>\n<p><a href=\"https:\/\/www.zerohedge.com\/markets\/us-g7-allies-go-after-russias-ability-sell-gold-sanctions-evasion-lifeline\" target=\"_blank\" rel=\"noreferrer noopener\">The G7 think the sanctions are hitting so hard\u00a0<\/a>that Putin will be forced to sell his gold to evade sanctions to pay for things. \u00a0They are literally running a script in their heads that is not actually playing out in the real world.<\/p>\n<p>But, whatever, Neocons never met an ugly stick that they didn\u2019t want to use to beat someone over the head with. \u00a0Too bad all they\u2019re doing is hitting a rubber tire.<\/p>\n<p>Boing!<\/p>\n<p>Because here\u2019s the gig, Russia won\u2019t be selling any gold. They\u2019re buying it.<\/p>\n<p>These are supposed to be the architects of the global monetary system and you would think they are the ones that understand it the best. \u00a0But, clearly they do not.<\/p>\n<p>What they think they understand is that they still control the flow of commodities around the world through price suppression schemes on the CRIMEX, LBMA and ICE.<\/p>\n<p>They do not.<\/p>\n<p>Ultimately,\u00a0<a href=\"https:\/\/tomluongo.me\/2022\/03\/13\/ins-outs-whose-money-is-it-anyway\/\">\u2018outside money\u2019 trumps \u2018inside money.\u2019 \u00a0<\/a><\/p>\n<blockquote class=\"wp-block-quote\"><p>Austrians, like myself, have always understood that eventually<em>\u00a0Inside Money<\/em>\u00a0<strong>[money that exists within the financial system]\u00a0<\/strong>fails because it is ultimately nothing more than a Ponzi Scheme built on top of\u00a0<em>Outside Money<\/em>\u00a0\u2014 money that exists outside the financial system, like commodities and bitcoin.<\/p><\/blockquote>\n<h3>Money, It\u2019s a Hit!<\/h3>\n<p>Let\u2019s start with the basics. Why do we create money? To act as a way to mitigate the time risk between selling what we have and buying what we want. So we sell our labor today to buy gasoline, printer paper or blow jobs tomorrow. In the meantime we hold money.<\/p>\n<p>It is a way to turn thought and personal application of energy and time into a token which can procure for us real goods in the real world.<\/p>\n<p>With that in mind, now think about the current financial system where all\u00a0<em>inside money\u00a0<\/em>is created by first selling a debt instrument to someone willing to hold it for a vig.<\/p>\n<p>Back to the ruble and gold. Because once I lay out the new incentive structure it will be clear as to why the G7 has no friends in this fight anymore.<\/p>\n<p><em>Davos\u2019\u00a0<\/em>power rests on the ability to create credit and sell it at a positive interest carry to commodity producers. \u00a0Since base commodity production in any kind of efficient market should be a very low margin enterprise, think 1-4% real annual return, selling them debt to extract oil or gold out of the ground at higher rates than that ultimately sucks all the profit out of the venture.<\/p>\n<p>Free markets when allowed to function properly grind out profit through competitive arbitrage. It is both brutal and the spark of new innovations and efficiencies.<\/p>\n<p>It is the desire for higher profits over baseline that does this.<\/p>\n<p>In base commodities that is difficult, at best, to do. Why? Because they aren\u2019t anything more than a second order good. First order would be the ore or timber harvested. Second order would be the ingot or lumber produced. The higher order the good, the more specialized it is and the higher opportunity for profit through product differentiation on something other than price emerges.<\/p>\n<p>That\u2019s most difficult to do in improving resource extraction because, it follows, most of the major gains in efficiency occurred in the past when the economy was less specialized.<\/p>\n<h3>Confusion Over \u2018The System\u2019<\/h3>\n<p>If the banks are on both sides of the trade setting the price of money, then they ultimately control who wins and who loses while this goes on. And let\u2019s not mince words, it\u2019s them. The profit rolls up to those that produce the highest order goods with the most complex supply chains.<\/p>\n<p>The banks plough the profits from getting interest on the original debt into the very companies producing the higher order goods needed to ensure the lower order goods produce no wealth through the grinding out of profit via arbitrage throughout the supply chain.<\/p>\n<p>Don\u2019t believe me? Ask cattle farmers.<\/p>\n<p>In this respect the current financing of these industries is nothing more than a virtualized version of the colonial economic model of the 15th through 19th centuries.<\/p>\n<p>Instead of using physical men to subjugate the locals through superior weaponry and bribes to get them to extract the mineral wealth which the colonialists take back home, today we use the post-WWII institutions to run that same system through debt issuance for capex and the interest payments (in this case pure economic\u00a0<em>rent \u2013 unearned wealth)<\/em>.<\/p>\n<figure class=\"wp-block-embed alignleft is-type-rich is-provider-amazon wp-block-embed-amazon\">\n<div class=\"wp-block-embed__wrapper\"><iframe loading=\"lazy\" title=\"The System of the World (The Baroque Cycle, Vol. 3) (The Baroque Cycle, 3)\" src=\"https:\/\/read.amazon.com\/kp\/card?preview=inline&amp;linkCode=kpd&amp;ref_=k4w_oembed_PGK6kLa2lDfkim&amp;asin=0060750863&amp;tag=kpembed-20\" width=\"616\" height=\"550\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\" data-mce-fragment=\"1\"><\/iframe><\/div>\n<\/figure>\n<p>The producer countries of all the mineral wealth in the world are nothing but debt slaves to the money masters in Brussels, City of London and New York. \u00a0That\u2019s the gig.<\/p>\n<p>Since we\u2019ve reached the point of\u00a0<em>debt saturation\u00a0<\/em>where no more debt can be issued to extract mineral wealth and have the markets believe it could ever be paid back at these real yields, the system has to be reset.<\/p>\n<p>The whole Great Reset is a way to crash the existing system but leave the same colonialists in power legally.<\/p>\n<p>It\u2019s not really more complicated than that.<\/p>\n<p>When you understand that dynamic now you can understand why Russia, in particular, is the vanguard of the Global South\u2019s desire to change the<a href=\"https:\/\/www.amazon.com\/System-World-Baroque-Cycle-Vol\/dp\/0060750863\/ref=sr_1_3?crid=5LCYGVWKH2TY&amp;keywords=neal+stephenson+baroque+cycle&amp;qid=1648479009&amp;sprefix=stephenson+the+bar%2Caps%2C126&amp;sr=8-3\">\u00a0System of the World.<\/a><\/p>\n<p>It is also the one country that has the commodity production power to expose the vulnerabilities of this System.<\/p>\n<h3>That\u2019s Nice\u2026 #GotRubles?<\/h3>\n<p>And that\u2019s where pegging the ruble to gold comes in.<\/p>\n<p>The Bank of Russia is now a buyer of gold at 5000 rubles to the gram, or 155,500 rubles to the troy ounce. \u00a0At a Friday March 25th closing price of RUB96.62 vs. the USD that implies a gold price of $1610 per ounce.<\/p>\n<p>The ruble is now freely strengthening versus the US dollar.<\/p>\n<figure class=\"wp-block-image size-full is-style-default\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-14109 jetpack-lazy-image jetpack-lazy-image--handled\" src=\"https:\/\/i0.wp.com\/tomluongo.me\/wp-content\/uploads\/2022\/03\/image-5.png?resize=616%2C402&amp;ssl=1\" sizes=\"auto, (max-width: 616px) 100vw, 616px\" srcset=\"https:\/\/i0.wp.com\/tomluongo.me\/wp-content\/uploads\/2022\/03\/image-5.png?w=816&amp;ssl=1 816w, https:\/\/i0.wp.com\/tomluongo.me\/wp-content\/uploads\/2022\/03\/image-5.png?resize=300%2C196&amp;ssl=1 300w, https:\/\/i0.wp.com\/tomluongo.me\/wp-content\/uploads\/2022\/03\/image-5.png?resize=150%2C98&amp;ssl=1 150w, https:\/\/i0.wp.com\/tomluongo.me\/wp-content\/uploads\/2022\/03\/image-5.png?resize=768%2C502&amp;ssl=1 768w, https:\/\/i0.wp.com\/tomluongo.me\/wp-content\/uploads\/2022\/03\/image-5.png?resize=122%2C80&amp;ssl=1 122w\" alt=\"\" width=\"616\" height=\"402\" data-attachment-id=\"14109\" data-permalink=\"https:\/\/tomluongo.me\/2022\/03\/28\/got-gold-rubles-russia-just-broke-the-back-of-the-west\/image-5-20\/\" data-orig-file=\"https:\/\/i0.wp.com\/tomluongo.me\/wp-content\/uploads\/2022\/03\/image-5.png?fit=816%2C533&amp;ssl=1\" data-orig-size=\"816,533\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"image-5\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/tomluongo.me\/wp-content\/uploads\/2022\/03\/image-5.png?fit=300%2C196&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/tomluongo.me\/wp-content\/uploads\/2022\/03\/image-5.png?fit=616%2C402&amp;ssl=1\" data-recalc-dims=\"1\" data-lazy-loaded=\"1\" \/><\/figure>\n<p>Now, that is not that remarkable on its own.<\/p>\n<p><a href=\"https:\/\/twitter.com\/TFL1728\/status\/1507439895635279875\" target=\"_blank\" rel=\"noreferrer noopener\">As I explained on Twitter that day<\/a>:<\/p>\n<ul>\n<li>1: At $1550 per ounce the first order effect here is that is implies a RUB\/USD rate of around 75. Incentivizing those holding RUB to continue and those needing them to bid up the price from current levels.<\/li>\n<li>2: This creates a positive incentive loop to bring the ruble back to pre-war levels. \u00a0Then after that market effects take over as ruble demand becomes structural, based on Russia\u2019s trade balance.<\/li>\n<li>3: Once that happens and the RUB\/USD falls below 75, then the USD price of gold rises structurally draining the paper gold markets and collapsing the financial system based on leveraged\/hypothecated gold. \u00a0Now we\u2019re into the arb. phase @Lukegromen postulated w\/ 1000bbls\/oz.<\/li>\n<\/ul>\n<p>So, this scheme incentivizes Russians to hold savings in rubles, because the ruble is undervalued. \u00a0It also incentivizes foreign traders to hold rubles because the ruble is undervalued relative to an overvalued open gold price.<\/p>\n<p>Clearly currency speculators in Moscow, Shanghai, Singapore, Mumbai and Hong Kong are having a field day with this.<\/p>\n<p>Coupled with Putin demanding\u00a0<strong><em>\u2018unfriendly countries\u2019<\/em><\/strong>\u00a0paying for their Russian imports with either gold or the ruble, the natural choice is for them to buy rubles until such time as the price of gold and the ruble are in sync on international markets.<\/p>\n<p><a href=\"https:\/\/www.zerohedge.com\/markets\/here-are-all-latest-news-and-developments-ukraine-war-march-28\">The howls of pain from the G-7<\/a>\u00a0and Germany in particular are equal parts pathetic and hilarious as they complain that Putin is in \u2018breach of contract\u2019 for demanding a different payment currency for gas other than the euros stipulated in the contract.<\/p>\n<blockquote class=\"wp-block-quote\"><p>Earlier Monday German Economy Minister Robert Habeck said from Berlin that the Kremlin demand for natural gas contracts to be paid in rubles is a \u201cone-sided and clear breach of contracts\u201d \u2013 saying the contracts must be honored under prior conditions, according to\u00a0<em>Bloomberg<\/em>.\u00a0<strong>\u201cThat means that a payment in rubles is not acceptable and we urge the relevant companies not to comply with Putin\u2019s demand,\u201d<\/strong>\u00a0Habeck said. \u201cPutin\u2019s effort to drive a wedge between us is obvious but you can see that we won\u2019t allow ourselves to be divided and the answer from the G-7 is clear: the contracts will be honored.\u201d<\/p>\n<p>The Kremlin\u2019s quick shooting down of the German economy minister\u2019s comments and the G-7\u2019s stance on the ruble came Monday via a Russian lawmaker to state-run\u00a0RIA Novosti: \u201cRussian lawmaker Abramov says G7\u2019s refusal to pay in Russian roubles for gas\u00a0<strong>will definitely lead to a halt in supplies<\/strong>.\u201d<\/p><\/blockquote>\n<p>Pissed off Russians certainly have a way with words, as a writer, I appreciate this greatly.\u00a0<a href=\"https:\/\/tass.com\/politics\/1428229?utm_source=tomluongo.me&amp;utm_medium=referral&amp;utm_campaign=tomluongo.me&amp;utm_referrer=tomluongo.me\">According to TASS:<\/a><\/p>\n<blockquote class=\"wp-block-quote\"><p>Moscow is handling the details of its gas delivery plans to unfriendly countries for payment in rubles, but\u00a0<strong>it won\u2019t engage in charity<\/strong>\u00a0<strong>if Europe refuses to pay in the Russian currency<\/strong>, Kremlin Spokesman Dmitry Peskov told reporters on Monday.<\/p>\n<p>\u2026The Kremlin spokesman remained tight-lipped on what measures Russia might take if Europe refused to pay for gas in rubles, noting that these \u201cissues should be sorted out as they develop.\u201d \u201c<strong>But we will definitely not supply gas for free, that\u2019s for sure<\/strong>. It is hardly possible and reasonable to engage in charity in our situation,\u201d he emphasized.<\/p><\/blockquote>\n<p>Do you hear that\u00a0<em>Davos?\u00a0<\/em>That\u2019s the sound of the ticking clock.<\/p>\n<h3>The Trade\u2019s the Thing\u2026<\/h3>\n<p>The reason why this current scheme is already working is that Russia runs a positive trade balance mostly in base commodity exports.\u00a0<em>Davos<\/em>\u00a0doesn\u2019t want them making any money selling those commodities to the world and will continue to put sanctions on to get people to not use rubles.<\/p>\n<p>They are however fighting the invisible hand of Adam Smith\u2019s market. The demand for the ruble will rise above the pre-war exchange rate of around 75:1 vs. the USD.<\/p>\n<p>The price point for gold\/ruble implies that exchange rate. Russia will revisit this at the end of Q2. \u00a0This also implies they expect the ruble\/dollar rate to fall to 75 by the end of Q2, if not earlier.<\/p>\n<p>After that if the ruble strengthens beyond that they can adjust the gold buying price.<\/p>\n<p>If the ruble\/dollar rate dips below their pegged price, buyers are getting oil at a discount when paying in gold. That will force the CRIMEX and LBMA into a supply shortage situation or they will have to end the expansion of paper gold versus real gold and allow real price discovery to the upside.<\/p>\n<p>If the sanctions are successful in scaring everyone into not using\u00a0<s>rubles<\/s>\u00a0<s>gold<\/s>\u00a0Russian commodities then the exchange rate will stay stubbornly above 75 and the boycotting world will lose competitive advantage versus those willing to brave the US\u2019s ire by getting Russian commodities on the cheap.<\/p>\n<p>As I talked about in previous articles, this sets up the opportunity to end the suppression of the price of gold through rehypothecation of physical gold in the paper markets which is the basis for the entire financial colonization system I described above.<\/p>\n<p>FYI, this same scenario is going to play out in Bitcoin now that Russia has said \u2018friendly countries\u2019 can pay for imports with Bitcoin. \u00a0Has anyone noticed the current rally in the World\u2019s Most Hated Cryptocurrency?<\/p>\n<p>We now have a full gold\/bitcoin\/ruble (and soon Yuan) interconversion system that completely and utterly cuts out\u00a0<em>Davos<\/em>\u00a0and destroys their colonial debt model while also taking away their power to crash economies through hot money in and out flows.<\/p>\n<p>Because the next step in all of this is for Russia to close their capital account and nationalizing the Bank of Russia making the only source of international rubles be the Russian government.<\/p>\n<p>Internally, the ruble will be\u00a0<em>de facto<\/em>\u00a0backed by gold and can circulate freely.<\/p>\n<h3>The War Without End, Ended<\/h3>\n<p>The war is over folks. \u00a0Russia, China and the rest of the Global South have already won. As<a href=\"https:\/\/mobile.twitter.com\/LukeGromen\/status\/1507442204515741701\">\u00a0Luke Gromen replied to me<\/a>., \u201c<em>in the end there\u2019s nothing they can do about it.<\/em>\u201d<\/p>\n<p>What scares me is the last thing\u00a0<a href=\"https:\/\/twitter.com\/TFL1728\/status\/1507461240960196609\" target=\"_blank\" rel=\"noreferrer noopener\">I tweeted out in that thread:<\/a><\/p>\n<blockquote class=\"wp-block-quote\"><p>\u201cOther than widen the war on the ground. \u00a0That\u2019s the part that scares me.\u201d<\/p><\/blockquote>\n<p>And that\u2019s exactly what I expect to happen next, sadly. \u00a0Biden is in Brussels saying the quiet parts out loud talking with the 82nd Airborne about going into Ukraine and calling for regime change in Moscow.<\/p>\n<p>These people still believe their own bullshit to the point where they think this becomes a war the Russians can\u2019t win.<\/p>\n<p>Putin let the world down easy with this announcement. \u00a0He could have walked right in and said 8000 rubles to the gram or $2575\/oz and that would have broken the markets Friday going into the weekend, by selling his oil and gas at a steep discount.<\/p>\n<p>He waited until after OpEx last Friday and the Fed\u2019s interest rate hike plan was announced.<\/p>\n<p>Timing matters guys.<\/p>\n<p>But, by doing this he has very subtly also supported the Fed and it\u2019s plan to withdraw dollars from Europe, because this will keep the price of gold in check for a little while and keeping the ECB from offsetting spiking Eurobond yields with higher gold reserves on its balance sheet.<\/p>\n<p>Putin on the left arm, Powell on the right and Lagarde is about to get pulled apart at the seams if\u00a0<em>Davos<\/em>\u00a0doesn\u2019t play ball and give up.<\/p>\n<p>The problem there is the unquenchable arrogance of these European elites who simply do not believe they could be bested by the \u201ccolonies\u201d in the US and the \u201cdirty slavs\u201d in Russia. \u00a0I\u2019ve told you for years now that it is their inherent racism that drives their actions.<\/p>\n<p>So, do not be surprised if they empower the neocons in the UK and US to escalate from here. The signs are piling up that the Pentagon and the White House are at odds over the planned escalations. The State and Treasury Depts. are nests of vipers having usurped Congress to wage war without declaring it.<\/p>\n<p>I can only hope that serious and adult people within the Pentagon will finally end this nonsense before we wind up in a war no one wants except a bunch of inbred Eurotrash well past their \u2018use-by\u2019 date.<\/p>\n<p>I always say that spooks start civil wars but militaries end them. Let\u2019s hope that we never get to the point of needing any other military than the Russians\u2019 to end this war.<\/p>\n<p>In the meantime, the message is clear, #GotGoldorRubles?<\/p>\n<p>___<br \/>\n<a href=\"https:\/\/tomluongo.me\/2022\/03\/28\/got-gold-rubles-russia-just-broke-the-back-of-the-west\/\">https:\/\/tomluongo.me\/2022\/03\/28\/got-gold-rubles-russia-just-broke-the-back-of-the-west\/<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-110582","post","type-post","status-publish","format-standard","hentry","category-sotn-special"],"_links":{"self":[{"href":"https:\/\/stateofthenation.co\/index.php?rest_route=\/wp\/v2\/posts\/110582","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/stateofthenation.co\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/stateofthenation.co\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/stateofthenation.co\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/stateofthenation.co\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=110582"}],"version-history":[{"count":0,"href":"https:\/\/stateofthenation.co\/index.php?rest_route=\/wp\/v2\/posts\/110582\/revisions"}],"wp:attachment":[{"href":"https:\/\/stateofthenation.co\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=110582"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stateofthenation.co\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=110582"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stateofthenation.co\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=110582"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}