About To Be Dead

clipped from seekingalpha.com Perhaps the best explanation of these all-too-tangible risks comes from Anthony Crescenzi, a strategist at Pacific Investment Management Co., the world’s largest bond-fund manager. The question is this: As the U.S. is aggressively backing its financial system, who is backing the U.S.? The reason that you’d think even your run-of-the-mill economist might be a little more tuned in to the signals that the gold price has been sending derive from John Maynard Keynes’ prediction that counter-cyclical deficit spending would ultimately come up short – something about, “in the long run, we’re all dead”. It seems that, after reaching its “Minsky Moment“, the world is now barreling toward a “Keynesian Endpoint”, two phrases that historians will no doubt find irresistible when they set out to explain what happened back in the early 2000s.