July 27, 2011

So We Have To Default And The Question Is What Form Does The Default Take?

Of course as people begin to focus on the real threat to the US dollar, which is not default on our Treasuries, but inflation where we repudiate debt by printing because we cannot pay the debt.

So we have to default and the question is what form does the default take? People are now focusing on whether America just refuses to pay, even though that is not the most likely scenario for default...

Related: ProShares UltraShort 20+ Year Trea (ETF) (TBT) iShares Barclays 20+ Year Treasury Bond (ETF) (TLT) iShares Lehman 7-10 Yr Treas. Bond (ETF) (IEF) SPDR S&P 500 ETF (SPY) ProShares UltraShort S&P500 (ETF) (SDS) Bank of America Corporation (BAC) JPMorgan Chase (JPM) Citigroup (C) SPDR Gold ETF (GLD), IShares Silver ETF (SLV)

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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