THE PETER SCHIFF BLOG : An Unofficial Tracking of Peter Schiff and The Libertarian Austrian School of Economics
PETER SCHIFF
Friday, August 19, 2011
What The S&P is saying is get out of the US Dollar and US Debt
Peter Schiff : “In Wall Street parlance, any downgrade means get the hell out … If they ( The Rating Agencies) go from a Strong Buy to a Buy, it means, you know, look out below,” “What S&P is saying, as far as I’m concerned, is get out of U.S. debt, any dollar-denominated debt, because what they’re really downgrading is not Treasury bonds, but the dollar.” “Because S&P knows—as Alan Greenspan said, and Warren Buffett said—they don’t have to default, they can print,” Schiff explained. “But that’s worse, especially if you’re a bondholder; you get paid back in Monopoly money.” - in the Keiser Report at Russia Today
Subscribe to:
Post Comments (Atom)
Popular Posts This Month
-
Here are some of Peter Schiff's Quotes , Please feel free to post more , and I'll make sure to add them to this list ...let's ma...
-
Peter Schiff: Well, if Romney had won, we’d still have a lot of troubles. But it certainly would have been an improvement to have ha...
-
Peter Schiff Goes Toe-to-Toe With Alan Blinder, Jim Bullard Peter Schiff reconfirms that Gold is not yet a bubble even at $1150 , it is sti...
-
as you may have noticed it this morning many blogs hosted on blogger including mine were reporting this strange Error bX-r1ezpk ... fortuna...
-
Alex Jones welcomes back to the show Bill Still, the producer of the Money Masters and more recently The Secret of Oz, a documentary about...
-
New Jobs data - too many in services sector most of them useless census jobs Peter Schiff on Liz's debates Charles Biderman on the new ...
-
California UCLA students protest tuition increase Build your own custom video playlist at embedr.com
-
Dylan Ratigan interviews Peter Schiff Peter Schiff : we are screwed worse (than Greece) ,... we simply inflate our way out of the proble...
-
National Action Against Obesity's MeMe Roth and Reason Magazines Katherine Mangu-Ward debate policing food.
-
Peter Schiff Vlog 14 July 2009 Peter Schiff wants to run to win , this race may cost him up to 20 millions dollars , he needs money in or...
No comments:
Post a Comment