Friday, May 25, 2012

Peter Schiff: USA Sovereign Debt Ponzi Scheme

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Listener Questions 5/11/12 Preview Santhosh from Dublin, OH: Recently I read an article saying that the US faces a big risk in 2013 as there is a spike in the amount of treasuries that are maturing. Is that true? I also read that the US rolls over debt every year in the trillions. How is this possible without someone buying the new debt? Isn't rollover the same as defaulting?

Listener Questions 5/17/12 Preview Joe from American Military, Germany: What do you think about Saudi Arabia only taking US dollars for their oil and do you think this will play out in the future of the dollar's value?

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