End the Fed Iceland

[lodge939]

http://wjno.com/cc-common/news/sections/newsarticle.html?feed=244038&article=4635529

:D

[liberteebell]

:D

[Mort]

Not so much "End the Fed" as "Want New Government and Bank Execs"

[Johnnybags]

As soon as the Treasury market cannot support the endless borrowing the game is over. Who the idiots are buying US Treasuries with reckless abandon is beyond me but foreigners will not participate forever. I understand a temporary flight to quality but it cannot go on and on. Iceland has near 20 percent borrowing costs, ours a historically low. When the market collapses here and it will the game of musical chairs is over.