PETER SCHIFF

PETER SCHIFF

Wednesday, June 22, 2011

Peter Schiff : There will be a QE3

Peter Schiff  : How long is the FED going to continue zero interest rates , and is there going to be any hints that there will be a QE3 asks Peter Schiff , Peter believes that There will be a QE3 no matter what they call it , it may not start immediately after QE2 ends but there will not be a big lag . From December of 2010 100 percent of all the bonds that the government have sold have been bought by the federal Reserve , in fact the federal reserve is actually buying more bonds than the government is selling particularly in the last couple of months , the federal reserve is buying all the bonds and some that the treasury is selling . How can the federal reserve step away from the market and not have a big increase in rates ? asks Peter Schiff after all who is going to buy these bonds if not the FED




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1 comment:

  1. AnonymousJune 23, 2011

    Repeal the Federal Reserve Act and wipe the slate clean. The Fed has been screwing us for years so lets return the favor.

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