“We witnessed the power of bond market vigilantes in 1980, at a time when most of them were in the United States. Now it’s much worse because so many are overseas. We witnessed their power again in 1994, at a time when there was virtually no inflation scare. Now, it’s worse because all the Fed’s money printing is spooking investors about future inflation. We also saw their power repeatedly in 2011 and 2012, when they dumped the bonds of Greece, Spain and Italy. Now it’s worse because, unlike the situation in Europe, there’s no country or union in the world big enough to bail out America. In one sense, nothing has changed since Carter’s day of reckoning on April 15, 1980.”
http://www.moneyandmarkets.com/the-biggest-interest-rate-turn-in-37-years-56969
Tip Freedomwat.ch Staff with Bitcoin