RE: Storm clouds to keep an eye on...This link is more important in the big picture because the big money dances to this tune.
Here's what the $1.2 trillion money manager had to say in his April 2011 outlook:
If I were sitting before Congress - at a safe olfactory distance - and giving testimony on our current debt crisis, I would pithily say something like this:
"I sit before you as a representative of a $1.2 trillion money manager, historically bond oriented, that has been selling Treasuries because they have little value within the context of a $75 trillion total debt burden. Unless entitlements are substantially reformed, I am confident that this country will default on its debt; not in conventional ways, but by picking the pocket of savers via a combination of less observable, yet historically verifiable policies - inflation, currency devaluation and low to negative real interest rates." - Bill Gross, Head of PIMCO
https://equedia.com/blog/view.php/The-Fall-of-the-U-S-Empire-and-the-Breakup-of-the-Geopolitical-Matrix