Philippe Herlin  Finance Researcher / Doctor in Economics


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Are Sovereign Bonds the Last Rampart Before the Collapse?
Published by Philippe Herlin | Oct 23, 2014 | Articles

The United States’ public debt represents a large volume but, however, its absorption capacity is not infinite. And neither is its credibility. Even though the Fed is backing the whole thing and stands ready to print anything to meet payments, at one point defiance will be on the rise. We may not be there quite yet, but this is clearly the last rampart holding together the monetary and financial systems. If this starts to fail there will be a general panic.

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