“A stream of income – either from a stock or a bond – is a promise. The value of it depends on how much you trust the promisor and his money. That is the problem. As much as we like Ben Bernanke as a human being, we find grave fault in him as a god. Only a god could know more than the sum of all the knowledge held by all people who are active in the world economy. Only a god could select an interest rate better than the one they select for themselves. And only a god-awful economist could claim to do such a thing with a straight face.  The galling thing is that he may be able to keep the whole shebang going for many years more.”

http://moneyweek.com/bill-bonner-its-a-dangerous-time-of-year/

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