Business/Finance
See other Business/Finance ArticlesTitle: Roger Mason says....
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Published: Sep 1, 2013
Author: Roger Mason
Post Date: 2013-09-01 23:18:48 by christine
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Views: 87
Comments: 3
We are about to see a Treasury bond disaster. You do not need to understand the bond market at all. As bond yields rise, the bond price falls (and interest rates rise). Right now bonds yield a mere 2.9%. This means interest rates are artificially very low. No one in their right mind would buy them when the real inflation rate is about 10%. You would lose 7% a year. Well, the Chinese, Japanese, and other fools have been buying them. They've stopped. No one wants worthless American Treasury paper. The Feds are desperate, and have no good answer. Bond yields will go up along with interest rates. THIS SPELLS DISASTER, not just for America, but the whole world. This is all tied in with the insane 440 trillion worldwide derivatives holdings. Remember the entire GNP of America is supposed to be about $14 trillion, so this is far, far more than the production of the entire planet!!! Actually it can be shown that the U.S. GNP has fallen to less than $10 trillion, and the $14 trillion number is falsified. We are failing as a country in every possible way. It's over after 237 years. History proves conclusively that democratic governments always self destruct after about 200 years. Post Comment Private Reply Ignore Thread
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