{"id":119539,"date":"2026-10-28T00:12:20","date_gmt":"2026-10-27T23:12:20","guid":{"rendered":"https:\/\/www.infokuryr.cz\/n\/?p=119539"},"modified":"2026-10-27T12:51:03","modified_gmt":"2026-10-27T11:51:03","slug":"martin-armstrong-amerika-si-denne-pujcuje-3-miliardy-dolaru-jen-na-splaceni-uroku","status":"publish","type":"post","link":"https:\/\/www.infokuryr.cz\/n\/2026\/10\/28\/martin-armstrong-amerika-si-denne-pujcuje-3-miliardy-dolaru-jen-na-splaceni-uroku\/","title":{"rendered":"Martin Armstrong: Amerika si denn\u011b p\u016fj\u010duje 3 miliardy dolar\u016f jen na spl\u00e1cen\u00ed \u00farok\u016f"},"content":{"rendered":"
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Spojen\u00e9 st\u00e1ty dos\u00e1hly bodu, kdy vl\u00e1da utrat\u00ed v\u00edce ne\u017e 1 bilion dolar\u016f ro\u010dn\u011b jen na placen\u00ed \u00farok\u016f z pen\u011bz, kter\u00e9 si ji\u017e p\u016fj\u010dila. Ministerstvo financ\u00ed ozn\u00e1milo, \u017ee deficit feder\u00e1ln\u00edho rozpo\u010dtu dos\u00e1hl ve fisk\u00e1ln\u00edm roce 2026 1,99 bilionu dolar\u016f, co\u017e je o 217 miliard dolar\u016f v\u00edce ne\u017e v p\u0159edchoz\u00edm roce. Celkov\u00e9 vl\u00e1dn\u00ed v\u00fddaje prudce vzrostly na 7,4 bilionu dolar\u016f, zat\u00edmco p\u0159\u00edjmy dos\u00e1hly pouze 5,4 bilionu dolar\u016f. Nejv\u00edce alarmuj\u00edc\u00ed \u010d\u00edslo se v\u0161ak skr\u00fdv\u00e1 v tomto masivn\u00edm bal\u00ed\u010dku v\u00fddaj\u016f. \u010cist\u00e9 \u00farokov\u00e9 platby dos\u00e1hly 1,05 bilionu dolar\u016f, zat\u00edmco hrub\u00e9 \u00farokov\u00e9 n\u00e1klady vzrostly na 1,36 bilionu dolar\u016f. Washington nyn\u00ed utr\u00e1c\u00ed zhruba 2,9 miliardy dolar\u016f denn\u011b na \u010dist\u00e9 \u00faroky a tyto pen\u00edze absolutn\u011b nijak nesni\u017euj\u00ed nesplacen\u00fd dluh.<\/span><\/p>\n

Samotn\u00e9 \u00farokov\u00e9 platby p\u0159evy\u0161uj\u00ed cel\u00fd rozpo\u010det na obranu. \u010cist\u00e9 \u00farokov\u00e9 platby jsou nyn\u00ed t\u0159et\u00edm nejv\u011bt\u0161\u00edm feder\u00e1ln\u00edm v\u00fddajem, hned po soci\u00e1ln\u00edm zabezpe\u010den\u00ed a zdravotn\u00ed p\u00e9\u010di (Medicare), a p\u0159evy\u0161uj\u00ed v\u00fddaje na Medicaid, d\u00e1vky pro veter\u00e1ny a \u0159adu dal\u0161\u00edch vl\u00e1dn\u00edch program\u016f. N\u00e1klady na \u00faroky vzrostly oproti p\u0159edchoz\u00edmu fisk\u00e1ln\u00edmu roku o 8 %, zat\u00edmco feder\u00e1ln\u00ed p\u0159\u00edjmy se zv\u00fd\u0161ily pouze o 3 %. Washington vybral od da\u0148ov\u00fdch poplatn\u00edk\u016f v\u00edce pen\u011bz, ale n\u00e1klady na obsluhu dluhu rostly t\u00e9m\u011b\u0159 t\u0159ikr\u00e1t rychleji. Zhruba 19 cent\u016f z ka\u017ed\u00e9ho dolaru, kter\u00fd feder\u00e1ln\u00ed vl\u00e1da p\u0159ijme, je nyn\u00ed spot\u0159ebov\u00e1no na \u010dist\u00e9 \u00farokov\u00e9 platby. Tyto pen\u00edze nemohou stav\u011bt infrastrukturu, zlep\u0161ovat vzd\u011bl\u00e1v\u00e1n\u00ed ani poskytovat dal\u0161\u00ed slu\u017eby, proto\u017ee jsou poukazov\u00e1ny v\u011b\u0159itel\u016fm za dluhy vznikl\u00e9 p\u0159edchoz\u00edmi administrativami a kongresy.<\/span><\/p>\n

P\u0159esn\u011b to jsem vysv\u011btloval ohledn\u011b krize st\u00e1tn\u00edho dluhu. Vl\u00e1dy nemaj\u00ed absolutn\u011b \u017e\u00e1dn\u00fd \u00famysl spl\u00e1cet sv\u00e9 dluhy. Neust\u00e1le prodlu\u017euj\u00ed st\u00e1vaj\u00edc\u00ed z\u00e1vazky a z\u00e1rove\u0148 se zadlu\u017euj\u00ed, aby financovaly b\u011b\u017en\u00e9 v\u00fddaje. Politici se chovaj\u00ed, jako by p\u016fj\u010dky byly trval\u00fdm zdrojem p\u0159\u00edjm\u016f, ale ka\u017ed\u00fd dluhopis nakonec dosp\u011bje a mus\u00ed b\u00fdt bu\u010f splacen, nebo refinancov\u00e1n. S rostouc\u00edmi \u00farokov\u00fdmi sazbami se refinancov\u00e1n\u00ed st\u00e1v\u00e1 st\u00e1le dra\u017e\u0161\u00edm. Washington si b\u011bhem pandemie zvykl na um\u011ble n\u00edzk\u00e9 \u00farokov\u00e9 sazby a choval se, jako by tento stav trval donekone\u010dna. Pr\u016fm\u011brn\u00e1 \u00farokov\u00e1 sazba z nesplacen\u00e9ho feder\u00e1ln\u00edho dluhu je nyn\u00ed kolem 3,53 %, co\u017e je v\u00edce ne\u017e dvojn\u00e1sobek oproti roku 2021. I tento pr\u016fm\u011br zp\u016fsobuje, \u017ee tlak nov\u011b vydan\u00fdch cenn\u00fdch pap\u00edr\u016f s vy\u0161\u0161\u00edmi tr\u017en\u00edmi v\u00fdnosy se jev\u00ed jako men\u0161\u00ed, ne\u017e ve skute\u010dnosti je.<\/span><\/p>\n

\u010c\u00edsla ukazuj\u00ed, jak se tento proces posiluje. Ve\u0159ejn\u011b dr\u017een\u00fd feder\u00e1ln\u00ed dluh vzrostl ve fisk\u00e1ln\u00edm roce 2026 zhruba o 2 biliony dolar\u016f na 32,4 bilionu dolar\u016f, zat\u00edmco celkov\u00fd hrub\u00fd feder\u00e1ln\u00ed dluh za\u010d\u00e1tkem tohoto roku p\u0159ekro\u010dil 40 bilion\u016f dolar\u016f. Vl\u00e1da si mus\u00ed p\u016fj\u010dovat, aby pokryla sv\u016fj ro\u010dn\u00ed deficit, a z\u00e1rove\u0148 refinancovat st\u00e1vaj\u00edc\u00ed cenn\u00e9 pap\u00edry v hodnot\u011b bilion\u016f dolar\u016f v dob\u011b jejich splatnosti. Zv\u00fd\u0161en\u00ed pr\u016fm\u011brn\u00fdch \u00farokov\u00fdch n\u00e1klad\u016f o jeden procentn\u00ed bod na 40 bilion\u016f dolar\u016f by se nakonec prom\u00edtlo do zhruba 400 miliard dolar\u016f dodate\u010dn\u00fdch ro\u010dn\u00edch \u00farok\u016f, za p\u0159edpokladu, \u017ee by bylo ovlivn\u011bno cel\u00e9 dluhov\u00e9 portfolio. K tomuto n\u00e1r\u016fstu by nedo\u0161lo p\u0159es noc, proto\u017ee st\u00e1vaj\u00edc\u00ed cenn\u00e9 pap\u00edry s pevn\u00fdm v\u00fdnosem si ponech\u00e1vaj\u00ed sv\u00e9 kup\u00f3ny a\u017e do splatnosti. V\u00fdpo\u010det v\u0161ak ilustruje, pro\u010d je ministerstvo financ\u00ed tak citliv\u00e9 na pohyby na trhu s dluhopisy.<\/span><\/p>\n

Ministr financ\u00ed Scott Bessent tomuto probl\u00e9mu rozum\u00ed, proto\u017ee poch\u00e1z\u00ed ze sv\u011bta glob\u00e1ln\u00edho makroobchodu. Velmi dob\u0159e v\u00ed, \u017ee ministerstvo financ\u00ed nem\u016f\u017ee investor\u016fm jednodu\u0161e diktovat, jak\u00fd v\u00fdnos mus\u00ed akceptovat. Vl\u00e1da m\u016f\u017ee prov\u00e1d\u011bt zp\u011btn\u00e9 odkupy, m\u011bnit strukturu splatnosti sv\u00fdch \u00fav\u011br\u016f a sna\u017eit se zlep\u0161it likviditu trhu, ale \u017e\u00e1dn\u00e9 z t\u011bchto opat\u0159en\u00ed neodstra\u0148uje podkladov\u00fd dluh. Feder\u00e1ln\u00ed rezervn\u00ed syst\u00e9m pod veden\u00edm Kevina Warshe mezit\u00edm m\u016f\u017ee ovliv\u0148ovat kr\u00e1tkodob\u00e9 \u00farokov\u00e9 sazby, ale nem\u016f\u017ee ur\u010dovat v\u00fdnos 10let\u00fdch nebo 30let\u00fdch americk\u00fdch st\u00e1tn\u00edch dluhopis\u016f. Kdy\u017e glob\u00e1ln\u00ed kapit\u00e1l po\u017eaduje vy\u0161\u0161\u00ed kompenzaci za inflaci, m\u011bnov\u00e1 rizika a obrovskou nab\u00eddku st\u00e1tn\u00edch cenn\u00fdch pap\u00edr\u016f, Washington se nakonec mus\u00ed t\u011bmto tr\u017en\u00edm podm\u00ednk\u00e1m vyrovnat.<\/span><\/p>\n

Japonsko slou\u017e\u00ed jako d\u016fle\u017eit\u00e9 varov\u00e1n\u00ed, proto\u017ee se po cel\u00e1 desetilet\u00ed sna\u017e\u00ed spravovat obrovsk\u00fd st\u00e1tn\u00ed dluh pomoc\u00ed um\u011ble potla\u010dovan\u00fdch \u00farokov\u00fdch sazeb. Japonsk\u00e9 instituce pat\u0159\u00ed tak\u00e9 mezi nejv\u011bt\u0161\u00ed zahrani\u010dn\u00ed dr\u017eitele americk\u00fdch st\u00e1tn\u00edch dluhopis\u016f. Pokud v\u00fdnosy z japonsk\u00fdch st\u00e1tn\u00edch dluhopis\u016f porostou, tito investo\u0159i maj\u00ed siln\u011bj\u0161\u00ed motivaci dr\u017eet sv\u016fj kapit\u00e1l v Japonsku, ne\u017e aby financovali Washington. To neznamen\u00e1, \u017ee Japonsko bude muset n\u00e1hle zlikvidovat sv\u00e9 americk\u00e9 pod\u00edly. I pokles budouc\u00edch n\u00e1kup\u016f americk\u00fdch st\u00e1tn\u00edch dluhopis\u016f je v\u00fdznamn\u00fd, kdy\u017e Spojen\u00e9 st\u00e1ty neust\u00e1le pot\u0159ebuj\u00ed naj\u00edt kupce pro obrovsk\u00e9 mno\u017estv\u00ed nov\u00e9ho a refinancovan\u00e9ho dluhu. Washington sout\u011b\u017e\u00ed s Japonskem, Evropou, korporacemi a soukrom\u00fdmi dlu\u017en\u00edky o stejn\u00fd mezin\u00e1rodn\u00ed fond kapit\u00e1lu.<\/span><\/p>\n

Situace se st\u00e1v\u00e1 je\u0161t\u011b absurdn\u011bj\u0161\u00ed, kdy\u017e politici diskutuj\u00ed o \u0161krtech ve vl\u00e1dn\u00edch v\u00fddaj\u00edch. Neust\u00e1le se h\u00e1daj\u00ed o pom\u011brn\u011b mal\u00fdch diskre\u010dn\u00edch v\u00fddaj\u00edch, zat\u00edmco \u00farokov\u00e9 platby rostou v jeden z nejv\u011bt\u0161\u00edch z\u00e1vazk\u016f v cel\u00e9m feder\u00e1ln\u00edm rozpo\u010dtu. \u00darokov\u00e9 platby nejsou voliteln\u00e9 v\u00fddaje, kter\u00e9 m\u016f\u017ee Kongres b\u011bhem rozpo\u010dtov\u00fdch jedn\u00e1n\u00ed jednodu\u0161e vylou\u010dit. Ministerstvo financ\u00ed mus\u00ed plnit sv\u00e9 z\u00e1vazky, pokud si Spojen\u00e9 st\u00e1ty cht\u011bj\u00ed zachovat d\u016fv\u011bryhodnost sv\u00e9ho dluhu. \u010c\u00edm v\u00edce p\u0159\u00edjm\u016f spot\u0159ebuj\u00ed \u00farokov\u00e9 platby, t\u00edm m\u00e9n\u011b prostoru m\u00e1 vl\u00e1da na hrazen\u00ed dal\u0161\u00edch z\u00e1vazk\u016f bez dodate\u010dn\u00fdch p\u016fj\u010dek nebo vy\u0161\u0161\u00edch dan\u00ed. Politick\u00fd establishment hromadil z\u00e1vazky po cel\u00e1 desetilet\u00ed a nyn\u00ed je k udr\u017een\u00ed st\u00e1vaj\u00edc\u00ed fisk\u00e1ln\u00ed struktury zapot\u0159eb\u00ed rostouc\u00ed pod\u00edl feder\u00e1ln\u00edch p\u0159\u00edjm\u016f.<\/span><\/p>\n

Zamyslete se nad t\u00edm, co to znamen\u00e1 pro americk\u00e9 da\u0148ov\u00e9 poplatn\u00edky. Vl\u00e1da vyb\u00edr\u00e1 dan\u011b z p\u0159\u00edjmu, dan\u011b ze mzdy, dan\u011b z p\u0159\u00edjmu pr\u00e1vnick\u00fdch osob a \u0159adu dal\u0161\u00edch poplatk\u016f, p\u0159esto zhruba p\u011btinu feder\u00e1ln\u00edch p\u0159\u00edjm\u016f nyn\u00ed spot\u0159ebov\u00e1vaj\u00ed \u00farokov\u00e9 platby z minul\u00fdch dluh\u016f. Ameri\u010dan\u00e9 ji\u017e nyn\u00ed \u010del\u00ed vy\u0161\u0161\u00edm cen\u00e1m bydlen\u00ed, potravin, energi\u00ed, poji\u0161t\u011bn\u00ed a dopravy. Washington nad\u00e1le po\u017eaduje p\u0159\u00edjmy z ekonomiky, kde dom\u00e1cnosti bojuj\u00ed o udr\u017een\u00ed sv\u00e9 \u017eivotn\u00ed \u00farovn\u011b a rostouc\u00ed \u010d\u00e1st t\u011bchto pen\u011bz je pot\u0159eba ke spl\u00e1cen\u00ed dluhu, sp\u00ed\u0161e ne\u017e k poskytov\u00e1n\u00ed jak\u00e9hokoli nov\u00e9ho ve\u0159ejn\u00e9ho prosp\u011bchu. Politici hovo\u0159\u00ed o pot\u0159eb\u011b dodate\u010dn\u00fdch dan\u00ed, ale z\u00e1kladn\u00ed probl\u00e9m s v\u00fddaji z\u016fst\u00e1v\u00e1 ne\u0159e\u0161en.<\/span><\/p>\n

To je dal\u0161\u00ed d\u016fvod, pro\u010d je my\u0161lenka, \u017ee Feder\u00e1ln\u00ed rezervn\u00ed syst\u00e9m m\u016f\u017ee zachr\u00e1nit Washington pouh\u00fdm sn\u00ed\u017een\u00edm \u00farokov\u00fdch sazeb, absurdn\u00ed. Fed by mohl sn\u00ed\u017eit sv\u016fj kr\u00e1tkodob\u00fd c\u00edl \u00farokov\u00fdch sazeb, ale to by automaticky nesn\u00ed\u017eilo dlouhodob\u00e9 v\u00fdnosy st\u00e1tn\u00edch dluhopis\u016f, pokud by investo\u0159i nad\u00e1le m\u011bli obavy o inflaci a udr\u017eitelnost ve\u0159ejn\u00fdch financ\u00ed. Pokus o sn\u00ed\u017een\u00ed v\u00fdnos\u016f prost\u0159ednictv\u00edm masivn\u00edch n\u00e1kup\u016f dluhopis\u016f by vytvo\u0159il dal\u0161\u00ed probl\u00e9m, proto\u017ee by roz\u0161\u00ed\u0159il podporu centr\u00e1ln\u00ed banky pro vl\u00e1dn\u00ed financov\u00e1n\u00ed. Spojen\u00e9 st\u00e1ty ji\u017e za\u017eily d\u016fsledky mimo\u0159\u00e1dn\u00e9ho roz\u0161\u00ed\u0159en\u00ed pen\u011b\u017en\u00ed z\u00e1soby b\u011bhem pandemie. Ameri\u010dan\u00e9 st\u00e1le plat\u00ed nahromad\u011bn\u00fd \u00fa\u010det za inflaci a opakov\u00e1n\u00ed t\u00e9to politiky by p\u0159edstavovalo zna\u010dn\u00e9 riziko pro kupn\u00ed s\u00edlu a d\u016fv\u011bru v m\u011bnu.<\/span><\/p>\n

Nejv\u00edce odhaluj\u00edc\u00edm aspektem nejnov\u011bj\u0161\u00edch \u010d\u00edsel americk\u00e9ho ministerstva financ\u00ed je, \u017ee Washington hromad\u00ed nov\u00e9 deficity ve v\u00fd\u0161i t\u00e9m\u011b\u0159 2 bilion\u016f dolar\u016f v dob\u011b, kdy ekonomika neproch\u00e1z\u00ed typickou reces\u00ed. P\u0159\u00edjmy dos\u00e1hly zhruba 5,4 bilionu dolar\u016f, p\u0159esto vl\u00e1da st\u00e1le zdaleka nedosahuje vyrovnan\u00e9ho rozpo\u010dtu. V\u00fddaje se zv\u00fd\u0161ily o 6 procent, co\u017e je zhruba dvojn\u00e1sobek m\u00edry p\u0159\u00edjm\u016f, zat\u00edmco \u00farokov\u00e9 platby nad\u00e1le rostou. Politick\u00fd establishment i nad\u00e1le pova\u017euje ka\u017ed\u00fd dal\u0161\u00ed dolar z dan\u00ed za licenci k je\u0161t\u011b v\u011bt\u0161\u00edm utr\u00e1cen\u00ed a nikdo nechce uznat skute\u010dnost, \u017ee vl\u00e1da se stala st\u00e1le v\u00edce z\u00e1vislou na nekone\u010dn\u00e9m p\u016fj\u010dov\u00e1n\u00ed.<\/span><\/p>\n

Existuje z\u00e1sadn\u00ed rozd\u00edl mezi vl\u00e1dou, kter\u00e1 si p\u016fj\u010duje na financov\u00e1n\u00ed produktivn\u00ed infrastruktury, a vl\u00e1dou, kter\u00e1 si p\u016fj\u010duje pouze na spln\u011bn\u00ed st\u00e1vaj\u00edc\u00edch z\u00e1vazk\u016f. Druh\u00fd p\u0159\u00edpad se st\u00e1v\u00e1 st\u00e1le nebezpe\u010dn\u011bj\u0161\u00edm, proto\u017ee obsluha dluhu spot\u0159ebov\u00e1v\u00e1 rostouc\u00ed pod\u00edl n\u00e1rodn\u00edch zdroj\u016f. Amerika nyn\u00ed dos\u00e1hla bodu, kdy se ro\u010dn\u011b vynakl\u00e1d\u00e1 v\u00edce ne\u017e 1 bilion dolar\u016f na \u010dist\u00e9 \u00farokov\u00e9 platby, bez sn\u00ed\u017een\u00ed jistiny a bez z\u00e1ruky, \u017ee se sn\u00ed\u017e\u00ed n\u00e1klady na refinancov\u00e1n\u00ed. Politici se budou i nad\u00e1le dohadovat o tom, kter\u00e1 strana je zodpov\u011bdn\u00e1, ale dluh se nahromadil jak za republik\u00e1n\u016f, tak za demokrat\u016f, proto\u017ee ani jedna strana nebyla ochotna \u010delit dlouhodob\u00e9mu \u00fa\u010dtu.<\/span><\/p>\n

Krize st\u00e1tn\u00edho dluhu nikdy neznamenala, \u017ee by vl\u00e1d\u011b n\u00e1hle do\u0161ly dolary. Spojen\u00e9 st\u00e1ty mohou dolary vytv\u00e1\u0159et, ale nemohou generovat neomezenou re\u00e1lnou kupn\u00ed s\u00edlu, ani nemohou donutit mezin\u00e1rodn\u00ed investory, aby dr\u017eeli sv\u016fj dluh za jakoukoli \u00farokovou sazbu, jakou si Washington p\u0159eje. Krize nast\u00e1v\u00e1, kdy\u017e d\u016fv\u011bra naru\u0161uje a n\u00e1klady na financov\u00e1n\u00ed vl\u00e1dn\u00edch v\u00fddaj\u016f se st\u00e1vaj\u00ed rostouc\u00ed z\u00e1t\u011b\u017e\u00ed. Jsme sv\u011bdky toho, jak se tento proces odv\u00edj\u00ed: \u00farokov\u00e9 platby spot\u0159ebov\u00e1vaj\u00ed st\u00e1le v\u00edce p\u0159\u00edjm\u016f, deficity rostou a ministerstvo financ\u00ed se st\u00e1v\u00e1 st\u00e1le v\u00edce z\u00e1visl\u00fdm na ochot\u011b glob\u00e1ln\u00edho kapit\u00e1lu financovat sv\u00e9 z\u00e1vazky.<\/span><\/p>\n

Spojen\u00e9 st\u00e1ty si nyn\u00ed ro\u010dn\u011b p\u016fj\u010duj\u00ed biliony dolar\u016f a denn\u011b plat\u00ed t\u00e9m\u011b\u0159 3 miliardy dolar\u016f na \u010dist\u00fdch \u00faroc\u00edch ze sv\u00e9ho st\u00e1vaj\u00edc\u00edho dluhu. To je mimo\u0159\u00e1dn\u00e1 finan\u010dn\u00ed z\u00e1t\u011b\u017e pro vl\u00e1du, kter\u00e1 neust\u00e1le slibuje ve\u0159ejnosti vy\u0161\u0161\u00ed v\u00fddaje, v\u00edce program\u016f a v\u00edce slu\u017eeb, ani\u017e by vysv\u011btlovala, jak je nakonec zaplat\u00ed. Politici vytvo\u0159ili syst\u00e9m, v n\u011bm\u017e v\u010derej\u0161\u00ed p\u016fj\u010dky vy\u017eaduj\u00ed dne\u0161n\u00ed dan\u011b a dne\u0161n\u00ed p\u016fj\u010dky zaru\u010duj\u00ed je\u0161t\u011b vy\u0161\u0161\u00ed \u00faroky z\u00edtra. Ne\u0159e\u0161\u00ed probl\u00e9m dluhu; financuj\u00ed n\u00e1klady spojen\u00e9 s jeho odm\u00edt\u00e1n\u00edm.<\/span><\/p>\n<\/div>\n<\/div>\n

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Zdroj<\/span><\/a><\/span><\/h3>\n

 <\/p>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Spojen\u00e9 st\u00e1ty dos\u00e1hly bodu, kdy vl\u00e1da utrat\u00ed v\u00edce ne\u017e 1 bilion dolar\u016f ro\u010dn\u011b jen na…<\/p>\n","protected":false},"author":2,"featured_media":119540,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[7],"tags":[1181,59,4177,1880,37],"_links":{"self":[{"href":"https:\/\/www.infokuryr.cz\/n\/wp-json\/wp\/v2\/posts\/119539"}],"collection":[{"href":"https:\/\/www.infokuryr.cz\/n\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.infokuryr.cz\/n\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.infokuryr.cz\/n\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.infokuryr.cz\/n\/wp-json\/wp\/v2\/comments?post=119539"}],"version-history":[{"count":0,"href":"https:\/\/www.infokuryr.cz\/n\/wp-json\/wp\/v2\/posts\/119539\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.infokuryr.cz\/n\/wp-json\/wp\/v2\/media\/119540"}],"wp:attachment":[{"href":"https:\/\/www.infokuryr.cz\/n\/wp-json\/wp\/v2\/media?parent=119539"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.infokuryr.cz\/n\/wp-json\/wp\/v2\/categories?post=119539"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.infokuryr.cz\/n\/wp-json\/wp\/v2\/tags?post=119539"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}