The writing’s on the wall, folks. Demand for U.S. treasuries is plummeting, and it’s not just the Chinese and Japanese hitting the sell button. Even the Fed’s shrinking its balance sheet. The dollar’s days are numbered, it’s just a matter of time.
People hoard dollars to buy treasuries, not our products. Our massive trade deficit ensures they’ve got plenty to spare. When they stop buying treasuries, it’s a dead end. And those once ‘safe’ bonds? Pure risk. Time to consider safer havens.
This clip is from Episode 926 of The Peter Schiff Show. To listen to the full episode, visit
SchiffRadio.com
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