Today, there is over $17T invested in bonds that guarantee a loss, if held to maturity. Think of the madness: You invest $101 today and in 2030 you will receive back $100. While the rate of inflation has been around 1.5% and GDP growth has been 2%-2.5% in the passing decade, owning bonds hasn’t been a bad choice or a lousy decision.
There’s absolutely no doubt that the United States of America has dramatically changed from the country it was half a century ago. The transformation is so massive that once the evolution is completed in ten years from now, you will not recognize it at all.
In the 1980s, AT&T learned a big lesson – in life, you can’t get SOMETHING for nothing, especially over the long haul.
On Sunday, I recommended watching THIS documentary as one of the best ways to understand the dynamics of the 2008 emergency measures taken in order to stop the credit system from going under.
Biological warfare has been practiced since the days of barbaric tribal war and the conquests of the ancient Greeks and Romans. It’s one of the most ancient forms of lethal strategy to weaken the enemy.