"The whole aim of practical politics is to keep the populace alarmed (and hence clamorous to be led to safety) by menacing it with an endless series of hobgoblins, all of them imaginary." ~ H.L. Mencken
10 Signs That Confidence In U.S. Treasuries Is Dying And Financial Armageddon Approaches
Submitted by Sharon Secor on Thu, 2010-12-16 00:58
in
“Selling government debt is a gigantic confidence game.” And waning confidence is why the Federal Reserve has been increasing its US Treasury purchases. Indeed, the Fed owns more US government debt than China, the largest foreign holder of treasuries.
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