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01-01-2010, 08:04 PM #1AprilGuest
Experts: Get Out of Bonds Now Before the Bubble Bursts
Experts: Get Out of Bonds Now Before the Bubble Bursts
Some sobering advice from experts for 2010: The 2009 bond price surge is a bubble that will soon burst since some say U.S. debt issuance resembles an investment scam. "There is going to be a meltdown," says guru Dan Deighan. "It's time to get out of bonds." Meanwhile, asset managers Eric Sprott and David Franklin say "this is all starting to resemble one giant Ponzi scheme."
FULL STORY HERE:
http://moneynews.com/Headline/Experts-G ... /id/345127
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01-01-2010, 08:32 PM #2
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This should be no surprise to anyone with common sense. Ever since Bretton Woods I & II, the underlying foundation of the full-faith-and-credit of the US government (gold and silver) was removed, it has been the wealth of the American taxpayer, whose wealth and ability to pay taxes has continually been cut off at the knees, by both outsourcing their jobs and insourcing cheap foreign labor. Meanwhile, the Congress and the administrations have gone on some pretty wild spending sprees, even lately, raising the cap on the federal deficit -- perhaps this country needs a lot more teapot museums and bridges to nowhere. But the American taxpayer does just not realize that yet.
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