Peter Schiff: The Fed’s Bubble Trouble
• prisonplanet.com/The downside of course, is that all of the demand for Treasuries is artificial. Treasuries are now in the hands of speculators looking to sell, not investors looking to hold. These players are analogous to the mid-decade condo-flippers who flocked to
This explains what will happen with your state debt. The Fed will soon start buying _all_ debt. The world as we know it is gone already.