Monday, May 30, 2016

As Billionaires Predict Worldwide Defaults, 
Would You Rather Hold Bonds Or Gold
The Daily Bell highlights the perspective on the U.S. & the world economy summed up by a top executive for the Bank for International Settlements, William White - speaking some months ago, he was quoted by the UK Telegraph as saying that nothing less than a worldwide debt jubilee would bring back global solvency; he thinks that without a jubilee, the world simply continues to sink into a morass of sovereign, corporate & personal debt .. Bill Gross* has echoed the same perspective this week .. The Daily Bell: "When the entire world’s financial infrastructure is threatening to implode due to unmanageable debt, what would you rather be holding – gold or bonds?"
LINK HERE to the essay

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