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US long-term treasuries are the ultimate bubble. When that one pops, history will be decided.
by mynameishere 18y ago
US long-term treasuries are the ultimate bubble. When that one pops, history will be decided.
- unrealwh 18y agothank you for writing my comment for me. it is worth noting that the US dollar bubble (which is the generalized case since the death of treasury notes implies the death of the dollar) contains many huge independent ponzi schemes, the most significant is the $50 trillion social security pyramid scheme. lets not forget the $20 trillion medicare pyramid scheme, or the $15 trillion or so due by 2015 for iraq, afghanistan, and the bailouts. and how much of the global derivative pyramid of ONE QUADRILLION is valued in US dollar? there is no way these schemes can be unwound gracefully. when the US dollar goes, THE US GOES. no US dollar == no USA. USA gone by 2025 at the latest.