February 11, 2013

The Value Of The Bonds Will Disappear Through Inflation Rather Than Default

"With the new debt piling up faster than ever, and the government showing itself to be blatantly incapable of making hard choices, it should be clear to anyone with a half semester of accounting that the Treasury debt should be downgraded. Yes the government has a printing press, but that only means that the value of the bonds will disappear through inflation rather than default." - an excerpt from Peter Schiff: Messing With The Bull 

Related ETFs: iShares Lehman 7-10 Year Treasury Bond ETF (IEF), iShares Barclays 20+ Year 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.