Bonds - An Assured Negative Negative Return U.S. TREASURY BOND FUTURES (CONTINUOUS: CURRENT CONTRACT IN FRONT) CBOT:ZB1! JRML115847 As M2 plateaued during 2006 / 2007 / 2008 - we saw an aggressive deflationary collapse. A far more insidious Deflationary Event is approaching. The absence of Collateral, A shortage of T-Bills, M1+M2's sudden reduction in May, Geo-Political Risks (Extreme), Budgetary Crisis, Stimulus Bill(s) Passage Risk, the End of the Moratorium on Mortgages, Rents, Subsidies - Jobless claims rising, Wages rising and many more crosscurrents creating an undertow the Federal Reserve suggests are "Transitory" with respect to "Inflation" with ZERO discussion of Health of their "System." None. Very ominous warnings appear and are ignored in this unusual environment. Protection is bought every day, even though the VIX is trading a Large Daily Sell, Intra-day there are clear signs there is a group whom is very concerned.