If you look at the increase in contingency liabilities in just the past year with government pensions, social security and mortgage obligations, the true amount of the increase in the debt is not $1.4 trillion, rather $5 trillion. And remember, that’s only from government pensions, social security and mortgage obligations, not any of the other unfunded obligations. - in Advisor One
Related: ProShares UltraShort 20+ Year Treasuries ETF (TBT), iShares Barclays 20+ Yr Treasury Bond ETF (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.
At Some Point, Interest Rates Will Go Up Regardless - “But at some point, markets won’t take central bank policies anymore, and interest rates go up regardless of how much bond buying they do. Market timing is...
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