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Tag Archives: bonds

Negative interest rates put world on course for biggest mass default in history

Call it the new abnormal.

Since 2008 the world has been turned upside down. In our collective panic we have disrupted whatever used to pass for economic homeostasis. Now the globe is moving (moved) toward a negative interest rate environment for government bonds.

Please, take my money. I’ll pay you to take my money! Why am I paying a government to hold my money? Well, because the economy is so healthy of course.

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Peter Thiel: We are in a government bubble of massive size (Video)

I mean sure, but what does “massive” really mean? He could have said “super-duper colossal” bubble and that would have been way worse right? It’s not until we’re in super-duper bubble territory that we need to worry? Right?

Um, right?

Gee, where’d everybody go? I have some stocks and bonds I need to sell.

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7 years of 0(%) money market rates is the greatest gift to speculators and gamblers that’s ever been conceived.” – David Stockman (Video)

The truth is people just don’t care so long as their 401ks and IRAs keep generally going up in “value.” The best friend Obama ever had and will ever have is the Fed which recklessly printed and inflated the stock market. Can you imagine where Obama would be today if the Dow was still hanging around 8000 or so? He probably wouldn’t be president, one way or another.

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Polish politicians seized half of the retirement funds of Polish citizens earlier this year. What country is next?

Times are hard but they will likely get harder. We’ve covered over gaping cracks in the world economy with fiat money paper mache, but it won’t last. In fact the paper mache is disintegrating right in front of us. What Poland did to its pensioners earlier this year is an example of the underlying instability in the world economic system.

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