Thursday, 03 May 2012 17:30

US Treasurys Are ‘Junk,’ Dollar Headed for Collapse: Schiff

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"The greenback and the U.S. bond market are headed for a collapse as the U.S. Federal Reserve loses the ability to service the nation’s debt with “artificially low” interest rates, Peter Schiff, CEO of Euro Pacific Capital told CNBC on Wednesday."

-- The dollar isn't heading for collapse. It's racing for it with single-minded purpose. -- MCR

CNBC article

 

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