Could US Treasuries Become the Trade of the Decade?

The expediencies and policy extremes have yet to be explored, much less exploited.

Napoleon is reputed to have said, "Do you know what amazes me more than anything else? The impotence of force to organize anything." This is the lament of someone holding the reins of power: that this earthly power has limits.

Two things amaze me:

1. The public's complacent confidence in the permanence of the global financial system. Put another way, what…