THE PETER SCHIFF BLOG : An Unofficial Tracking of Peter Schiff and The Libertarian Austrian School of Economics
PETER SCHIFF
Monday, July 19, 2010
Schiff : short Treasuries and long gold
If China were to stop buying dollars and Treasuries, there would be no other buyer except the Federal Reserve. “That’s why you don’t want to own dollars,” “The reason that China has been buying so many Treasuries is because they had to recycle all the dollars that they purchased to prop up our currency and suppress their own.” Peter Schiff told CNBC recently
Labels:Peter Schiff ,Ron Paul
Treasuries
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