Click to enlarge.
Note that we were heading into World War II the last time 3-month treasury bills were yielding so little.
World War II
World War II, or the Second World War (often abbreviated as WWII or WW2), was a global war that was underway by 1939 and ended in 1945.
I'm reminded of a quote.
"I know not with what weapons World War III will be fought, but World War IV will be fought with sticks and stones." - Albert Einstein
It would seem that World War III will be fought with global debt and monetary printing presses. I think it will be slightly less effective at reducing global overcapacity in steel production though. Just a hunch.
This post inspired by Jazzbumpa's comment seen here.
St. Louis Fed: 3-Month Treasury Bill: Secondary Market Rate