Peter Schiff - The Assumption Everyone is Making

For the latest Peter Schiff, go to http://PeterSchiffBlog.com -

There is still a lot of money coming into the United States, and Obama wants to borrow even more money. Peter Schiff helps interpret these events.

Category:

News & Politics

Tags:

• Peter Schiff
• Treasuries
• Government Bankrupt
• Financial Collapse
• Economic Collapse
• Financial Crisis
• Economic Crisis
• Gold
• Silver
• Dollar
• Federal Reserve
• ron paul
• john stossel
• judge napolitano
• inflation
• hyperinflation
• interest rates
• capitalism
• free markets
• tom woods
• austrian economics
• federal reserve
• ben bernanke
• 2008

[TheManiacalSatanist6]

God damn it, can the interviewer shut up and let Peter speak!?

[areyouready22]

@regelemihai The only lenders we have now is the Federal Reserve itself. No other country is buying US treasuries anymore. It is a ponzi schemes that doesn't hurt either party but instead buries Americans in enormous debt. Here is how it works: The fed spends without discipline and then gives permission to the Federal Reserve to print money out of thin air which then loans it back to the Fed. Neither one of them suffers because the debt is passed onto us. This system dismisses a need for others

[trick29420]

@regelemihai Because they don't have any better options. (or so they believe). And it's still the worlds reserve currency, and used for trading on just about every foreign exchange market. They just don't see anywhere else to go, so they go to the dollar. The low domestic interest rate is not an incentive for them at all.

[regelemihai]

@trick29420

It helps the US fund its watse domestically, but how is it drawing foreigner investors, or foreigners in general, to buy more US treasury bills? That is my question.

[TrippingTheTube]

I'd listen and believe what Peter Schiff says.

[trick29420]

@regelemihai It's not helping the foreigners, but they're trying to make lemon-aid out of lemons. It helps the US gov continue to fund all their waste though.

[koolance2012]

i dont own a credit card. but i could see intrest rates going up as high as some cards 22% , its unreal what some are willing to pay for credit, instead of saving.in the 80ties i remember 18% for car loans. thanks always for the great info

[regelemihai]

True, but the same low inetrest rate from the Fed is meant to encourage foreigners to buy up more Treasury bills. If that is so, how is it helping them in any way if they get less for that inestment?

[trick29420]

@regelemihai You're confusing the interest rate they are talking about with the bond yield rate. They aren't the same thing. Bond yields are set based on demand for the bonds. High demand, lower yields, and vice versa. It's why Greek 1 year bonds got to like 200% or something. The interest rate that has been kept so low, is the rate at which banks, and the gov't, can borrow from the FED.

[trick29420]

head. in. sand.