Trillions of dollars of debt were losing their status as safe assets. The US Treasury was accused by the German finance minister of interventionist tendencies akin to communism. NATO was squabbling over Libya. The loose monetary policy of the Federal Reserve was blamed for fomenting revolt in the Middle East. The EU was locked into a self-deceptive nonsolution to the Greek debt crisis, and when it was not engaged in extend-and-pretend it was openly and unabashedly lying. Both Italy’s prime minister and the managing director of the IMF were up on sex charges. Washington was willfully toying
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