Submitted by Tyler Durden on 10/21/2011 - 20:32 Bond Consumer Credit Excess Reserves Greece Money Supply Purchasing Power Reserve Currency
Paul Brodsky does not trust the bond markets. That position may seem strange coming from someone who has spent most of his professional career trading bonds, but it's precisely this insider knowledge that has led him to start directing investors to safer harbors. In fact, he thinks our credit system is so far out of control that it will cause a massive - and largely unavoidable at this point - devaluation of the US dollar (and most other fiat currencies, as well). Ultimately, Brodsky recommends investors concerned with protecting the purchasing power of their wealth today get exposure to hard assets that can't be so easily inflated away.
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http://www.zerohedge.com/news/paul-brodsky-seeds-our-destruction-were-and-still-are-sown-bond-markets
Realist - Everybody in America is soft, and hates conflict. The cure for this, both in politics and social life, is the same -- hardihood. Give them raw truth.
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