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
-
A very strong debate yesterday on MSNBC between Peter Schiff and the host on the Ed show on two major topics the healthcare reform and the s...
-
Peter Schiff may be running for Senate Peter Schiff seems to be serious about running for senate ..after that yesterday Peter Schiff told...
-
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 The Schiff Report Video Blog May 04 2009 The Stocks are rising is it a recovery ? or is it just a bubble economy waiting to bur...
-
John Browne from Europacific capital and also a member of the British Parlement May 11 on Fox Business : The 7 trillions deficit is equals...
-
by Peter Schiff Strike up the band, boys, happy days are here again! Recently released short-term economic dat...
-
have you bought your gold yet or not ? what are you waiting for , you should know by now that the dollar is collapsing ...hurry up...
-
Peter Schiff The Crisis Has Just Begun
-
as you may have noticed it this morning many blogs hosted on blogger including mine were reporting this strange Error bX-r1ezpk ... fortuna...
-
23-03-2009 Peter Schiff: You're Better Off as a Renter Part 1 of 2 : Part 2 of 2 :
No comments:
Post a Comment