Investors closely monitoring Pimco after internal strife

The thirty year bull market for bonds maybe ending soon. The bond market is a huge market. Currently billions of dollars are leaving bonds. Soon interest rates rates will creep up because people will want their money to work for them. The dollars will chase higher returns and interest rates will go up. Many people believe the stock market has peaked. I am suggesting this will have a domino effect in the next two months. Get out while you can and find a safe place for your money.

The investors, including retirement systems, have formally put Pimco on "watch lists," a signal that they will keep a much closer eye its performance than usual. It could eventually lead to reductions in the amount of money they allocate to funds at the firm, whose full name is Pacific Investment Management Co and which has $1.91 trillion in assets.

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'Time Is Short' On Debt Ceiling, Treasury Secretary Says By Mark Memmott

Warning that "simply delaying action on the debt limit can cause harm to our economy," Treasury Secretary Jacob Lew repeated Monday that he believes Congress should act soon to raise that limit so the federal government avoids even looking like it might default on its debts.
"Time is short," Lew also told an audience at the Bipartisan Policy Center, a Washington, D.C.-based nonprofit organization founded by four former Senate majority leaders — Republicans Howard Baker and Bob Dole; and Democrats Tom Daschle and George Mitchell.

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Paper Money vs. Gold Money by Michael Edward and Vincent Cate

This article is very easy to follow and states the facts about the future value of our fiat money printing.

In 1913 the US took a big step away from gold when it authorized the Federal Reserve to issue paper notes that were only 40% backed by gold while claiming they were fully convertible. This fell apart when people tried to exchange their paper money for gold in 1933. Instead of admitting the central bank was bankrupt, the government confiscated everyone's gold, made it illegal for them to hold gold, and devalued the paper to $35 per oz of gold. At Bretton Woods the US agreed that central banks around the world could redeem $35 US for 1 oz of gold. As countries tried to exchange their dollars for gold it became clear US did not even have enough gold to back the dollars returning from overseas. Instead of admitting the central bank was bankrupt, the US said it was "closing the gold window". In reality this was stealing from billions of people. By the time the dollar:gold ratio went from 35:1 to 800:1 the government was able to stabilize the dollar by buying up dollars using gold and raising interest rates to 20%.

"I'm not upset that you lied to me, I'm upset that from now on I can't believe you" - Friedrich Nietzsche.

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