The 'Hidden' Rules Of The Bond Game

Zero Hedge -

Zero Hedge—Authored by Victor Sperandeo via The Epoch Times, There are powerful incentives for private banks to keep buying Treasuries despite rising supply and inflation ... American hard money advocate, economist, and publisher Franz Pick once called government bonds “Guaranteed Certificates of Confiscation.” In making that statement, he assumed the government would eventually inflate the debt away and thus confiscate the buyers’ purchasing power. Yet here we are, with U.S. Treasury Bonds holding...

Our Rules of the Game: US Constitution. Justice Anthony Kennedy's retirement, leading to President Donald Trump's nomination of Brett Kavanaugh to the Supreme Court, has thrown progressives, the Democratic Party and the news media into an out-and-out tizzy. The online magazine Slate declared, “Anthony Kennedy Just Destroyed His Legacy as a Gay Rights Hero.” The New York Times' editorial board said about a second Trump court appointment, “It is a dark moment in the history of the court and the nation, and it's about to get a lot...