Ten Questions About our Broken Financial System

by Gary Christenson
Deviant Investor

  • Bonds look like a bubble in search of a pin. What if global bonds are revalued lower to account for the following?
  1. Probability of repayment in a currency that will maintain its purchasing power for the lifetime of the bond.
  2. Probability of responsible fiscal management by the governments of the bond issuing countries.
  3. Probability of repayment without rolling over those bonds by creating EVEN MORE UNPAYABLE
  4. Actual positive yield.

From Alasdair MacLeod: The Eurozone is the greatest danger.

“Money that is invested in bonds and deposited in banks may already be on the way to money-heaven, without complacent investors and depositors realizing it.”

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