U.S. Is Bankrupt and We Don't Even Know It: Laurence Kotlikoff

posted by Eric De Groot at Eric De Groot - 1 hour ago

Hardly. The market's know it. The US has been using currency debasement through the use of the printing press for years. Technically speaking, the US has been in on-going default since the London gold pool...

 

Peru Just Entered The Currency Devaluation Race... Yes, Peru

 

...Promptly Followed By Brazil

 

Competitive devaluations gain acceptance as justification for higher gold

 

Bank of Canada will follow Fed in any devaluation

 

Cleveland Fed: Bond Data Show Rising Recession Risk
The narrowing premium Treasury investors demand to hold longer-term government debt signals a rising chance the economy will slip into another recession, according to the Federal Reserve Bank of Cleveland.



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