Friday, August 28, 2009

The short covering rally for the dollar already happened

Peter Schiff Vlog 28 Aug 2009

Emerging markets bonds are of higher quality than the US Bonds , foreign markets are of higher quality than the US market , the US market is the low quality assets , the treasury debt is the equivalent to junk bonds , there is no quality in the US market and that's why the funds are going abroad looking for quality...the US dollar rally already happened , it is unlikely that another one will happen , certainly not in the magnitude of that we had in 2008 .....finally Peter Schiff promises that if the coming Money bomb scheduled on 10th Sept will be able to raise 1.5 million dollars he is committed to race for the senate seat

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