Dollar, credit ratings, China, short-term debt
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Uploaded by SchiffReport on Jul 12, 2010
Schiff Report Video Blog July 12th 2010
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@elementswi2007 Read more closely moron....
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@pismo10 yes you are... you dont beleive what hes saying? your eyes must be glued shut and your ears full of wax.
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@helltrackrider sooo true. i'd love to see peter and ron paul together.
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Say, have you heard of a YTer called 'dsglop'? He's got a real bug up his ass about Peter Schiff and is constantly criticising his blogs in a really dopey fashion.
I haven't done enough research on economic matters to really take him on, but it's quite obvious to me that he's a mega troll. If you have 10 minutes to kill, take a look at one of his uploads and say sumthin' derogatory. It would really make my day :-D
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@monsieurmitosis haha, I agree. I imagine it's more likely that China bought our bonds bc it mistook them to be a good investment, but it does give A LOT of political leverage.
And now China is releasing it's US debt securities... oh the fun.
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@IWashMyOwnBrain Word on the street is China recently announced they got out of 7% of their US bond holdings and plan on releasing more.
Although I imagine it's more likely that China bought our bonds bc it mistook them to be a good investment, but it does give A LOT of leverage.
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@a4finger I Agree!
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uwmbigb 1 year ago 4
China downgrading its rating on the USA didn't shock me. China can smell America's financial b.s.
Melville10 1 year ago 3