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  • sybil_lives sybil_lives Jan 21, 2013 8:31 PM Flag

    This was written in mid 2012, 1/2 a year before geitner quit...

    This will happen with the U.S. Treasury bond market, as such low rates will attract fewer and fewer buyers. When the Treasury bubble eventually pops - as Warren Buffett and others have predicted - that's when the stock market will tank. Higher interest rates will have to be paid, which will lure investment capital away from stocks and into bonds.

    In a recent interview with The Wall Street Journal, former Secretary of the Treasury and Secretary of State George Schultz noted that, "It's startling that in the last year, three-quarters of the debt that's been issued has been bought by the Fed and the balance has been bought by other countries, so U.S. citizens and institutions are not on net buying U.S. debt...The Fed doesn't have an unlimited capacity because when it buys the debt what it's doing is monetizing the debt. Sooner or later that has to get out into the economy. Can't be held forever."

    That's why you need to prepare for a stock market crash in 2013.

    Soooo whu do you think geitner quit? Perhaps to spend more time with hiz family? He'z only in hiz mid fortiez... Whats up tim?

 
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