Monday, September 30, 2013

Buyers of US Treasuries cannot keep Lending Money to a country that can’t pay back

Peter Schiff : …they (buyers of US Treasuries) don’t want to keep lending money to a country that can’t pay back what has already been loaned to it.

Peter Schiff is a well-known commentator appearing regularly on CNBC, TechTicker and FoxNews. He is often referred to as "Doctor Doom" because of his bearish outlook on the economy and the U.S. Dollar in particular. Peter was one of the first from within the professional investment field to call the housing market a bubble. Peter has written a book called "Crash Proof" and a follow-on called "The Little Book of Bull Moves in Bear Markets". He is the President of EuroPacific Capital, which is a brokerage specializing in finding dividend-yielding, value-based foreign stocks.

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