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While markets hone in on the Federal Reserve’s monetary policy hints, former Fed Chairman Alan Greenspan sees a bigger economic irritant—government spending.
On Wednesday, Greenspan decried a rise in entitlement costs, which he contended have pressured the U.S. economy.
Being that the USD is being printed up without end, it’s soon to be worthless as well as everything paper that is valued in Dollars. Bonds fall into this category.
With the Federal Reserve and now Bank of Japan printing massive amounts of money, billionaire investor Jim Rogers told CNBC’s “Closing Bell,” he is shorting U.S. government debt.
“It’s all artificial what’s going on right now,” Rogers said. “The Federal Reserve is printing money as fast as they can. The Bank of Japan said ‘we’re going to print unlimited money.'” Continue reading
Global Geopolitics 