venividivici

Bondholders Are Unjustified Big Winners in Treasury Plan - Hussman

Good article but buyitcheap has put his finger on the reason they're so determined to protect the bondholders. America needs to borrow, what is it, $3 billion dollars each and every day and it all comes from overseas. If the interests ot those providing the money are not protected that vital source of finance will dry up very quickly and Hank and Ben know that. As America sinks deeper and deeper into debt so independence of action goes out the window.