Toxic treasuries

Gonzalo Lira explains:
"... Right now, we are at a stage where Treasury bonds are as weakened as a termite-riddled house. They look fine: Nice glossy coat of paint, pretty shingles, bright clear windows, sturdy-looking plankings on the open-aired porch.   
But Treasuries are well on their way to a complete collapse. Why? Because of the way they have been mishandled and mistreated by the Federal Reserve Board, and the U.S. Treasury. Whether by incompetence or by design, U.S. Treasury bonds have become the New & Improved Toxic Asset. The question is no longer if they will collapse—it’s when...."
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Comment:
What matters most for the investor confronting a mega bubble of this size is timing. In this respect one can be calm: The bond market crash will come step by step, some larger, some smaller. It may well be that at first there will be a kind of bond crash, but we are not dealing here with the Twin Towers of termite-ridden house. The bond market will die like old soldier are said to die: by fading away.