Tuesday, May 27, 2014
Bond Market Will MELTDOWN and RESET
Bonds are IOU's that have been built up.
Bonds are debt packaged up and made pretty.
Many countries are finding themselves at the brink of bankruptcy.
Countries will go bankrupt and will DEFAULT on their loans.
The European viral contagion that I spoke about in The Money GPS will continue to spread and they will default.
Paper investments will be revalued and you'll be the last one on the list to get any real value back.
Bonds are seen as the best safe haven. Why? Because they're "guaranteed"! I will like to remind everyone that countries are so far gone into debt, that it simply cannot be paid back. There are two options: hyperinflate the currencies worldwide, or default on obligations.
Either way, paper will be EXTREMELY dangerous to hold.
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