The national debt is extremely high. The credit risk now is at the sovereign level, and a sovereign cannot default. The duration risk is nearing, and the sovereign will inflate away the debt. Interest rates skyrocket, and investments lose value.
5/6/2022 01:01:14 pm
5/6/2022 01:12:50 pm
Here is a clip of Luke Gromen
5/7/2022 12:00:00 pm
Interesting, but frightening 🤢😵!
5/7/2022 01:50:21 pm
Yeah, we will see what happens.
5/9/2022 10:58:36 am
Ever read “When Money Dies"? It's a great book, albeit depressing, that tells the true stories of the actual hardships that befell hapless citizens of countries when their “fiat" currencies ceased to function, thanks to the issuers, typically governments that became illegitimate, paid their bills by issuing more and more of their phony currency.
5/9/2022 02:30:30 pm
Thank you, Mr. Bill, for a summary of "When Money Dies." The comment adds a lot to the post, which was brief. I am out of my expertise...if I have one. Francis is the most political of the recent popes, and I wish someone would regulate his mouth. His call for a meeting about Ukraine is ridiculous as are other comments. He has no experience in such matters. I wonder who informs him or writes his junk. Bob
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