Posted on 04/18/2011 3:52:21 PM PDT by Slyscribe
Has Treasury Secretary Geithner removed his mask, revealed himself to be Kang and mocked the alternatives: “What are you going to do, buy Japanese bonds and throw away your money? It’s a one-safe haven world.”
America has been insulated from the consequences of its reckless fiscal policy because of the dollar’s reserve-currency status and Treasuries’ value as a safe haven. It’s in no one’s interest to see the U.S. collapse. But something that can’t go on forever, won’t.
(Excerpt) Read more at blogs.investors.com ...
Is this good or bad for my variable-rate mortgage that is tied to
the “weekly average yield on US securities” which was .31% in July 2010.
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