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
Peter Schiff is a well-known commentator appearing regularly on CNBC, TechTicker and FoxNews. He is often referred to as "Doctor Doom" because of his bearish outlook on the economy and the U.S. Dollar in particular. Peter was one of the first from within the professional investment field to call the housing market a bubble. Peter has written a book called "Crash Proof" and a follow-on called "The Little Book of Bull Moves in Bear Markets". He is the President of EuroPacific Capital, which is a brokerage specializing in finding dividend-yielding, value-based foreign stocks.