March 22, 2010

China, US Treasuries And The US Dollar

"When China buys our debt, it uses its own savings. In order to purchase a trillion dollars of US Treasuries, the Fed would have to expand our money supply by a corresponding amount which will cause the dollar to fall sharply"


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.
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