PETER SCHIFF

PETER SCHIFF

Wednesday, August 31, 2011

The FED is debasing the value of its bonds by printing more money

Peter Schiff : Printing money to buy bonds is decisively negative for the bonds , because the worse thing that could happen to a bond holder is inflation is that the value of their bond in real purchasing power is diminished and that is what is happening , treasuries and dollars will buy a lot less gold and of course over time the number of ounces you will be able to buy for your dollars will continue to diminish

PETER SCHIFF BLOG