U.S. Problem is The Debt – Not The Debt Ceiling
Peter Schiff on Gold, U.S. debt & China
Peter Schiff from investment company Euro Pacific Capital, thinks China could well dump the dollar as its main reserve currency.
Problem is the debt, not the U.S. debt ceiling
The country which holds more US debt than any other, has hit out at the failure of Congress to reach a deal over its debt ceiling. China says the political deadlock in Washington threatens the entire global economy.
Recently, US Secretary of State Hillary Clinton was in Beijing to reassure Asian leaders, that America will not fall back on its debt payments.
Gold and China
Arizona gold nugget
China talks down the Gold-Bugs, while continuing to silently buy up commodities and commodity producers with their US Dollars before they become worthless. China talks Gold down, while looking for the next big buying opportunity, where China, India and other countries seek the replacement of the USD as a global central bank reserve currency. The US Dollar will continue to fall due to unending printing….
