Randam Ron Paulism
It is said we go about the world waging war to promote peace, and yet the price paid is rarely weighed against the failed efforts to make the world a better place. Justifying conscription to promote the cause of liberty is one of the most bizarre notions ever conceived by man! Forced servitude, with the risk of death and serious injury as a price to live free, makes no sense. What right does anyone have to sacrifice the lives of others for some cause of questionable value? Even if well motivated it can’t justify using force on uninterested persons. It’s said that the 18 year old owes it to his country. Hogwash! It just as easily could be argued that a 50 year-old chickenhawk, who promotes war and places the danger on innocent young people, owes a heck of a lot more to the country than the 18 year-old being denied his liberty for a cause that has no justification.”
Conscription - The Terrible Price of War, November 21, 2003
Bill Gross On Why The Giant Wave Of Aging Retirees Makes US Debt Even More Attractive
Doomsayers like to disagree that a US faces mercantile Armageddon since of all a obligations to retirees that will come due in a entrance years.
So it’s violent to buy US debt then, right?
Actually this proof gets it 100% backwards.
In an talk on Bloomberg TV, Bill Gross got opposite a low point:
On since Ford is changeable billions of dollars a year from their equity portfolio into bonds:
“They’re doing that since of a certainty, locking in their liabilities relations to their assets. Even during a low, 2-3% rate. Boomers, from a standpoint of particular investors, are a same way. They’re commencement to get comparison and need some-more certainty. Do they find seductiveness in a Johnson and Johnson during 3.5% division produce with expansion potential? Sure they do, though they also trust they wish that income back, and if there is a 2008-2009 scenario, maybe they won’t. So there are demographic tradeoffs here that have to be considered.”
It’s a cliche you’ve listened a garland of times, though for some-more and some-more people, their primary seductiveness is lapse of capital, not lapse on capital. This is generally loyal after 2008-2009, and for people who are timid this incentive is quite strong.
So a demographic trends don’t indeed vigilance bond doom; they vigilance starved bond demand, accurately as we’ve seen in Japan, another place where demographics were ostensible to lead to mercantile catastrophe.