May 22, 2012

Is America Bankrupt?

If the U.S. government were a private company being audited by standard practices, it would be considered much further in the red than official national debt figures show. It would, in fact, be shut down and its key executive prosecuted for fraud. - in The Fiscal Times

Related:  ProShares UltraShort 20+ Year Treasuries ETF (TBT),  iShares Barclays 20+ Year Treasury Bond (TLT)

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.