May 17, 2010

If We Don`t Stop Spending: The Bond Market Will Collapse, The Value Of The Dollar Will Plunge

Don't let Washington insiders fool you. The economic growth we've seen this year is phony - it's based on consumption and debt financing. If we do not put an end to Congress' spending spree, there will be an economic catastrophe that dwarfs the 2009 recession.

Mark my words... The bond market will collapse. The value of the dollar will plunge. Interest rates will rise. There will be runaway inflation and unemployment. And the only way to prevent this is to get government spending under control.


Related Exchange Traded Funds: PowerShares DB US Dollar Index Bullish (Public, NYSE:UUP), ProShares UltraShort 20+ Year Trea (ETF) (Public, NYSE:TBT), PowerShares DB US Dollar Index Bearish (Public, NYSE:UDN) and SPDR Gold Trust (ETF) (Public, NYSE:GLD)

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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