according to Galbraith.: "Greece is a very small country in a very large currency zone it doesn't control," he says. "The U.S. is a very large, autonomous economy that can set its own course [and] has enormous amount of capacity to deal with its problems."
Galbraith believes that countries like China have no choice by to by the US treasury bonds , they are stuck in order to keep their population working by producing cheap goods for the Americans , in the meantime they have no other choice by to buy US treasuries cause the alternatives like Italian Greek or Spanish treasuries are way worse than the American ones according to Galbraith
Peter David Schiff, president of Euro-Pacific Capital, is a Connecticut-based brokerage firm have correctly predicted the U.S. stock-market collapse , the home mortgage meltdown and the credit crunch .
Peter Schiff discusses politics, world economies, and investment strategies and is now running for a Senate Seat in his native Connecticut , Peter Schiff is Author of the Best Seller Crash Proof How to Profit From the Coming Economic Collapse
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