More absurdity….

Posted: October 9, 2016 in Debt, Monetary System, Paper money
Tags: , , ,

The following extract from a Money Week article, ‘Forever Debt, Forever War’ points to the absurdity which is currently apparent in todays debt ridden world;

Today, you have highly indebted sovereign governments with huge long-term unfunded liabilities contemplating issuing perpetual bonds that would be bought directly by the central bank with money brought into existence from thin air. What could possibly go wrong with that?

By stating the current status in such terms, one wonders how long this irrationality can last


  1. Samuel Irwin says:

    Thank you. Great article.

    Sent from my iPhone


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