Sept. 29—Hopeless would be the wrong way to describe the current situation in the world, although it certainly may appear that way to one who is dispirited. Reports over the recent days have indicated that a new banking crisis may be being ignited, now sparked by what should be the protected bastion of safety: U.S. Treasury Bonds—which have been infected by leveraged investments from hedge funds. This speculative phenomenon runs deep, as the news is only the latest development in a process that has been underway for decades, literally rotting out the economies and nations of the trans-Atlantic from underneath.
