Pinned
The Treasury Just Admitted It... The Bond Market Is Broken
New Episode.
Peter Schiff
@PeterSchiff
Chief Economist & Global Strategist Europac.com, Chairman SchiffGold.com, Founder SchiffSovereign.com, Host SchiffRadio.com, Best-selling Author
Joined July 2009
- If you think gold prices and Treasury yields are rising fast now, wait until the dollar starts to drop sharply against its major fiat currency counterparts. Dollar weakness is the missing piece that will complete the puzzle necessary for a full-blown U.S. sovereign debt crisis.
- Once again gold and Treasury yields are rising together. This is proof that investors don't expect a hawkish Fed to successfully lower inflation, but a dovish Fed to allow inflation to run away. As a result investors and foreign governments are selling Treasuries and buying gold.
