Money
Peter Schiff predicts US could ‘default’ by extending Treasury maturities
Julian Dorey Daily
"Collapse is HAPPENING!" - Peter Schiff Says the Stock Bubble Is Now Worse Than 2000
What was said
"The government can say, you know what, we're not going to pay you in a year. we're going to pay you in 30 years. So now you have a 30-year bond."
Peter Schiff predicts the US could effectively default without missing payments outright. He argues the government could extend Treasury maturities and cut coupons, reducing the market value of existing holdings.
Verification status
Attributed speaker claim
Egleze verified who said this and where. The underlying claim has not been independently established by Egleze.
Source and context
Egleze verified who said this and where. The underlying claim has not been independently established by Egleze.
- Speaker
- Peter Schiff · guest
- Programme
- Julian Dorey Daily
- Episode
- "Collapse is HAPPENING!" - Peter Schiff Says the Stock Bubble Is Now Worse Than 2000
- Clip time
- 23:29
- Original source
- Watch the source segment →
From this episode
Julian Dorey Daily