well as Peter Schiff has said they are already defaulting on...

  1. mike68
    11,875 Posts.
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    24/04/11
    15:33
    Post #: 8309550
    well as Peter Schiff has said they are already defaulting on their debt by debasing the currency

    if the dollar is falling the value of the bonds are falling

    so if the US dollar drops 10% that would constitute a 10% default for foreign owners of T bonds?

    not a 100% sure about this or how it works, but i think that is what Schiff meant
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    lightbulb Created with Sketch.  Great analysis
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