Foreign demand for U.S. Treasuries dropped at the greatest rate in history during December, according to Washington.
Could this be the long-awaited beginning of a spike in interest rates?
The full story is here.
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Have read your M and M on comment about Social Security –
1)Had the money for SS been invested and benefits paid out of interest we would have no problem except for the devaluation of the dollar (done through printing money).
Our real problem is our government making a lot of rules and regulations and then using FORCE on the population if they do not obey. As R. Maybury points we need a legal system based on old British common law (“do all you have agreed to do” and” do not encroach on other persons or their property”). Let the politicians live on SS.