But these bonds are backed by the full faith and credit of the United States Government.......?? Naahhh! Think I would pass.
Peter Schiff has been right about everything else. When the holders of these bonds lose faith the bubble will burst. These folks had been buying oil futures just a few months previously and look what happened to the price of oil when they got out and went to Treasuries. When this bubble bursts the consequences are going to be severe. The resulting economic dislocation will force Zero’s gummint to attempt to confiscate firearms to preserve his gummint in the face of massive disapproval. Get ready for the day is coming. Μολὼν λάβε