“As interest rates rise, it’s not only going to be the states that can’t pay, but the federal government that can’t pay.
The money they print to bail out these states will render the bonds worth a lot less. You lose either way. Either you lose because the states default and you don’t get your money back or you lose because the government bails them out and you get your money back, but you can’t buy anything with it.”
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.
- Quantitative Easing (QE) Is An Euphemism For Inflation
- China: No Evidence That Demand For Gold Will Slow
- Video: The Bullish Case For Gold
- People Are Starving For Yield
- What The Stock Market Really Wants
- Why the Fed Can`t Raise Interest Rates
- What Separates A Rich Country From A Poor Country
- Jack Lew: Germany Needs More Inflation
- Australian Dollar (AUD): Clear Sailing For Much Higher Levels
- Market Volatility Is The Big Story
- ► 2013 (395)
- ► 2012 (438)
- ► 2011 (308)
- Home Prices Are Still Too High.
- CNBC Video: Muni Meltdown Is Coming
- Latest Video Market Update: Chinese Rate Hike
- Muni Bond Crisis is Coming
- US Economic Outlook For 2011
- Avoid Long Term Bonds, Treasuries And Municipal Bo...
- Three Investment Themes for 2011
- Pre-holiday cheer is certainly evident in the fina...
- Video Market Update: Commodities, Chinese Inflatio...
- Washington Displays The Kind Of “Bipartisanship” T...
- Market Update: Commodities, US Dollar, Government ...
- Video: The Dollar Is Now Collapsing
- The Payroll Tax Cut Will Hurt The Economy.
- Inflation Vs. Deflation Debate.
- Failed Policies.
- We Need Market Forces Disciplining The Credit Mark...
- Market Update: Gold & Silver
- Gold Rally Seems To Have Consolidated Around 1,350...
- Europe, Bailouts And Debt
- Europe Is Making Some Very Bad Decisions.
- ▼ December (20)
- ► 2009 (280)