Monday, August 8, 2011

Peter Schiff : AA+ is still a too high rating - FOX News 08/06/11

Peter Schiff : the Americans should be worried about the debt that we have , , the S&P did not go far enough , downgrading the US is a good thing but I think that AA+ is still a too high rating , what you are rating is how likely a nation resorts to the printing press to pay its bills and of course in the United States that's the only thing we can do , we owe so much money that it is legitimately impossible to pay it back

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