Treasury’s Last Pillar Crumbles
With the return of Shinzo Abe and his Liberal Democratic Party to power in Japan, the market for US Treasuries may be losing its last external pillar of support. Re-elected on September 26th, Abe has quickly set a course for limitless inflation, saying Japan must “free itself from deflation and the strong yen.” This is significant to the global economy as Japan is the largest foreign power left with a strong appetite for US Treasuries. If this demand falters, the Fed may be the only remaining buyer of new Treasury issuance.
Peter Schiff: is CEO of: Euro Pacific Precious Metals, a gold and silver dealer selling reputable, well-known bullion coins and bars at competitive prices.:
Click here: for a free subscription to: Peter Schiff’s Gold Letter, a monthly newsletter featuring the latest gold and silver market analysis from Peter Schiff, Casey Research, and other leading experts.:
And now, investors can stay up-to-the-minute on precious metals news and Peter’s latest thoughts by visiting: Peter Schiff’s Official Gold Blog.
1) Our own government chides those of us who pay taxes for being greedy because we don’t want to give the politicians even more of our money to do things...Read More
Black liberals keep bemoaning the danger to their own teenage sons after the “not guilty” verdict in George Zimmerman’s murder
As CEO of a New York based: PR Agency, sometimes fancy thoughts and academic liberal talk is frustrating and its easier