To all; the link above is a story of how Bill Gross of PIMCO has cut it's entire holding of U.S. Treasury debt to ZERO. Mr. Gross makes the argument that the Treasury yield curve is overvalued by 150 basis points which is a step in the right direction and certainly will prod some investors to withdraw funds which is a good thing. His premises that the government is understating inflation by stripping out food and energy, future massive Treasury borrowing needs just to keep the doors open and of course the fact that the Fed (through Quantitative Easing) is now the biggest buyer of Treasuries are all correct but he just can't get himself to commit suicide. Can you imagine the "accidental" car crash, airplane falling from the sky or the the suicidal gunshot to the back of the head were he to really tell the truth? ie.... the U.S. Treasury and thus the entire system from A to Z is a bankrupt walking corpse that makes Madoff, John Law and even Mr. Ponzi himself look like upstanding fiscally responsible individuals!

Gross is being a realist in anticipating the coming "Great Reset" and has aligned his porfolio accordingly. Whether he's right, only time will tell. This could be a case of effect preceding cause, in the sense that the markets will read this as a signaling a turn, and even if they disagree, will be forced to react simply because others are doing the same.

ebear