Government bonds and the inflation bomb
Freedom Politics
by Thomas Sowell
04/14/09
China is the largest foreign holder of U.S. government bonds. But, instead of buying more of those bonds as our skyrocketing national debt leads to more bonds being issued, China has been selling some of its U.S. government bonds this year. The Chinese are no fools. They know that all this unbridled spending — even when it is called ‘investment’ — means that inflation is coming. That in turn means that the dollars with which U.S. government bonds will be paid off will be worth a lot less than the dollars with which the bonds were bought...
http://tinyurl.com/cjp8f6
Informant: Thomas L. Knapp
http://freepage.twoday.net/search?q=government+bonds
http://freepage.twoday.net/search?q=national+debt
http://freepage.twoday.net/search?q=Thomas+Sowell
by Thomas Sowell
04/14/09
China is the largest foreign holder of U.S. government bonds. But, instead of buying more of those bonds as our skyrocketing national debt leads to more bonds being issued, China has been selling some of its U.S. government bonds this year. The Chinese are no fools. They know that all this unbridled spending — even when it is called ‘investment’ — means that inflation is coming. That in turn means that the dollars with which U.S. government bonds will be paid off will be worth a lot less than the dollars with which the bonds were bought...
http://tinyurl.com/cjp8f6
Informant: Thomas L. Knapp
http://freepage.twoday.net/search?q=government+bonds
http://freepage.twoday.net/search?q=national+debt
http://freepage.twoday.net/search?q=Thomas+Sowell
rudkla - 15. Apr, 09:38
