KW: Readers will note that this article appears in two sections; Guest articles are the preserve of Paul Craig Roberts on this site so far becasue I regularly reproduce his sound thinking and explanations but this is a financial article too and worthy of this placement as well. Can you recall the absurd explanations of ‘bank economists’ when discussing investment strategies on discussion on some or other TV forum that the US treasuries are the safest fixed interest investment globally? What they are really recommending is buying an investment that is potentially unlikely to be honoured by the U.S. government because it is basically bankrupt and unable to repay…… – unless they keep the ponzi scheme going, then all is right.
How Long Can The Federal Reserve Stave Off the Inevitable? Paul Craig Roberts When are America’s global corporations and Wall Street going to sit down with