The Chinese Love US Treasuries & Make Peter Schiff Look Like A Buffoon. Again

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Uploaded by on Jul 1, 2011

Here's our boy Petey talking smack about US treasuries 6 months ago... he was pwned by Tim Seymour and Gary Shilling back then... and more embarrassingly pwned again 6 months later today - as 1) it emerges that the Chinese love US treasuries so much, they not only buy them on the open market in their own name, they also use 3rd party 'guaranteed' bidders to buy on their behalf to obfuscate how much they really own, and 2) 30 year treasury prices have risen steadily and yields declined over this 6 month period

Pwned and pie all over his face. Again.

http://www.reuters.com/article/2011/06/30/us-usa-china-treasuries-idUSTRE75T2...

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  • Idiot Schiff told the world to buy the Euro in 2007 to 2009. He said the Euro will trump the Dollar. Schiff makes his big bucks by losing his clients' money.

  • I think Pete's downward spiral into Alex Jones's world will go something like this:

    "Either I'm stupid or the nwo is making the lamestream media print phony stories so the dollar won't collapse. Whatyaknow, the nwo is real! The Fed is even more evil than I thought!"

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