Two interesting quotes caught my eye in a recent Andy Smith note:
"We cannot stop terrorism or defeat the ideologies of violent extremism when hundreds of millions of young people see a future with no jobs, no hope, and no way ever to catch up to the developed world" Hillary Clinton, Remarks to the Center for Global Development at the Peterson Institute for International EconomicsFor a moment there I thought she was talking about the US - "when millions of young Americans see a future with no jobs, no hope, and no way ever to catch up to the Baby Boomers". Generational class warfare anyone?
"could seriously disrupt bond markets if it triggered concerns about creditworthiness or inflation because of concerns with government incentives to inflate debt away" Bank for International Settlements in
invitation to top central bankers and financiers for a meeting in BaselThis doesn't need any further comment for readers of this blog, suffice to say I find it interesting that the BIS acknowledges that inflating debt away is an option.
PS - unfortunately Andy Smith's stuff is not publically released, because I rank him as the top precious metals analyst.