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| How long can the dollar survive.....the whole world economy is like falling dominoes and we are at the end of the line.
As PIMCO Chief Investment Officer and “bond guru” Bill Gross just noted in a monthly commentary:
“If core sovereigns such as the U.S., Germany, U.K., and Japan ‘absorb’ more and more credit risk, then the credit spreads and yields of these sovereigns should look more and more like the markets that they guarantee. The Kings, in other words, in the process of increasingly shedding their clothes, begin to look more and more like their subjects. Kings and serfs begin to share the same castle.”
Bottom line: We’re running this country’s finances off the rails. And just like in Greece … Ireland … Spain … and now the U.K., it’s going to come back to haunt us.
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Not done with Greece yet
