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🗽   Debt Spiral, Treasury Market Stress, and a New Financial Order

International Man:In your view, what role does the Treasury market play in global finance, and how significant is it to the current financial system? Doug Casey:It’s only important because it exists—but it shouldn’t exist. People think that the Treasury market is part of the cosmic firmament, but there once was a time when the US government had little or no debt outstanding, and the world got by fine without it. It’s not a question of how significant it is so much as when the time bomb that it represents will go off. That’s because it’s not supported by any underlying … → The post

Lew Rockwell     May 09, 2025