What do you think would happen if the Fed sent the signal that it no longer had faith in U.S. bonds?
Oh, and BTW, it's not Obama this, Obama that. What a bunch of crap. Like the majority of presidents, if you quizzed him on all this monetary alchemy, he wouldn't have a clue - like the overwhelming majority of Americans. Some people forget, when Wall Street created the derivatives market, they brought in physicists to design it. Even they
don't understand it.
We've got to take down the casino and return to sound money principles. Too bad our politicians are too gutless and corrupt to even approach such an idea. Meanwhile, Clinton plays golf with Bush. And so it goes...