"When China buys our debt, it uses its own savings. In order to purchase a trillion dollars of US Treasuries, the Fed would have to expand our money supply by a corresponding amount which will cause the dollar to fall sharply"
in China.org.cn
Peter Schiff`s comments on the economy, stock markets, politics and gold. Schiff is the renowned writer of the bestseller Crash Proof: How to Profit from the Coming Economic Collapse.
