reply to post by MischeviousElf
Another massive move into US govt. debt today. Yield is down to 1.92%. Price is thus definitely at least at 140-year high. The message of this market
is clear: Any inflation today must be based on some sort of scam. As for commodities and raw materials, foodstuffs and energy the price of that
obviously isn´t based on any natural price discovery mechanisms in the marketplace. It´s just speculation and manipulation. Google goldman sachs
warehouse business. It´s bound to collapse. Most of this doomsaying, comets, asteroids and other extinction level events propaganda originates with
Wall Street. It´s designed to propagate the myth of shortages in a world that races ahead on a rising wave of technological advances, efficiency
increases and general oversupply of everything that money can buy.
In this environment of extremely high price of money cash should generally be preserved in anticipation of falling prices. I think cash will continue
parking in US notes and bonds and the dollar. They´ll probably buy the 10-year note down to zero % yield if needed. The 30-year bond maybe down to
1%. If Uncle Sam fails, the financial system of the entire world will go down the crapper. Which means that U.S. will not fail. Warren Buffett says
he´ll buy US govt debt at zero%.