Vigilante Bondholders - there’s a term I haven’t heard of until today.
Are they a buch of pissed off rich guys who’ve decided enough is enough?
The bond vigilantes are being led by international investors, who own about 51 percent of the $6.36 trillion in marketable Treasuries outstanding, up from 35 percent in 2000, according to data compiled by the Treasury.
‘International investors’ that are pissed off about being ripped off. There’s no way we can ever pay them back and they know it.
‘First you make the money. Then you spend it.’ THE J.P. Morgan.
The American people have got to face the truth. We borrowed to keep up our lifestyle which we think we are entitled to. It doesn’t work that way. WE are to blame.
By destroying the ‘rule of law’, our basic trust or confidence in markets, which determines value, the Obama Administration has destroyed our economy.
The Fundamentals are broken. We are in uncharted territory now. May God have mercy on our souls.