AA+ Rating On U.S. Sovereign Debt Is Not Low Enough

Schiff Report Video Blog August 6th 2011: On Friday evening August 5th Standard & Poor's downgraded U.S sovereign debt from AAA to AA+ with a negative outlook. By raising the debt ceiling Congress and Obama had hoped to avoid a downgrade. Ironically it was their very actions that caused the downgrade to happen.

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.