Peter Schiff : I think the S&P is going to downgrade again

Peter Schiff : “The dollar used to be the safe haven, Treasuries used to be the safe haven, well if you are downgrading U.S. Treasuries, obviously they are not the safe haven anymore,” “For those people who believed foolishly that Treasuries were the safe haven, S&P is finally saying they’re not,” he continued. “In fact they (Treasuries) are on negative watch for a reason. I think S&P is going to downgrade again … by then, I’m sure Moody’s and Fitch will have also downgraded U.S. Treasuries.” - in www.beaconequity.com