We’ve come to the end of the road. There’s no more ‘can-kicking’ to be done. The US is now in the exponential blow-off phase of fiscal irresponsibility and the Fed is out of options. Save the Dollar or save the Treasury bond market. The BRICS have long-since figured this out. Now it’s time for Western investors to catch on.
by Dr. Chris Martenson
Chris Martenson’s Peak Prosperity
In this week’s episode Paul and I cover the Fed’s predicament. They can only do one of two things:
- Save the bond market
- Save the dollar.
Naturally, they are going to save the bond market which means they are going to ‘toast the dollar’ which means lots more inflation is on the way.
People who do not see this coming, and who do not take steps to protect their portfolios, are going to face a very difficult future.
Meanwhile, the stock ““market”” appears to have gone insane again, either due to those mysterious “animal spirits” or because the Fed is heavily manipulating it. Either way, it makes no fundamental sense at the present.