Thank you, sir.

Bonds will not crash soon, I agree. But stocks are a more risky proposition. The author could very well be right, but external forces and threat of war could take a toll.

Excellent, but disturbing, article. Add to this that the Russians are capable of destroying the internet connections between continents, and we will be the losers. We are the crazy ones supporting lawless rebels in the sovereign nation of Syria, and Genie Energy is probably a central reason besides possible pipeline plays. We are on the dark side and if we don't emerge out of the dark side, very bad things could result. Putting our financial system against the wall could slow down the cashless society, but we will see. The noose is tightening around cash as a means of payment, and that noose will also render saving, a virtue, as becoming a vice. The western world is upside down, and something needs to prevent the madness: Will Russia's medicine be worse than the disease? That is the issue. www.talkmarkets.com/.../banks-close-in-rural-areas-as-world-cashlessness-advances

Speculators are mostly evil. Not always, but most of the time. Speculation is ruining the nation. Better to pay people more so they can afford a conventional loan instead of forcing more no money down speculation or oil price rise speculation. Check out housing speculation in Denmark, made easier by negative interest rates, Chris: www.talkmarkets.com/.../banks-close-in-rural-areas-as-world-cashlessness-advances

Bernanke is a liar. The money system is darkness, and getting every darker: www.talkmarkets.com/.../banks-close-in-rural-areas-as-world-cashlessness-advances

So, when we get to the point where the skilled trades workers are merely bubble based job holders, we are in real trouble as a society. Real trouble.

I am no fan of protecting speculation. I hate it. But David, there were mass layoffs in late 2008. Credit dried up for real businesses at the same time speculation was being plummeted. Speculation as it applies to housing meant workers with real skills like carpentry, were simply not needed anymore. They experienced a real depression. Many of the best paying jobs for the middle class are in the trades. That is where speculation and real come together and that is where the banks have the advantage over the world.

There is a super high demand for bonds as collateral. There could be a demand for money in order to buy the bonds which seem to be more scarce all the time.

Stimulation ends up going to speculation, not to the real economy. In FDR's time that was not the case. People were actually helped with jobs building this nation. Same during Eisenhower's time with the interstate system.

Unfortunately, people may not want to spend and will want to save the money. Or if they spend, it is what Summers wants anyway, to rev the economy. I think people will buy collectibles and gold and stuff to replace savings. That could have some risk.