Bonds Lose Money When Interest Rates Go Up

In the 1980 when rates went up and when we went off the gold standard, bonds lost money. But from here down to where we are today you've had governments all around the world loading up massive amounts of debt at low interest rates. So it doesn't take getting back to here to bankrupts. That's the dollar bear trap I was talking about. We're watching a very significant rise particularly in the United States of all cause mortality. Dr. Skidmore was just listening to an interview of Ed Dowd who said that 7500 extra people are leaving the workforce every day,. 2500 from death and 5000 from disability.