Monday, June 10, 2013

The Japanese Government Could Quickly Become Insolvent

"The Japanese government could quickly become insolvent. If rates on the 10-year debt were to ever match the 2 percent of their inflation target, more than half of total tax revenue would be needed to service debt payments." - in CNBC

Peter David Schiff is an investment broker, author and CEO of Euro Pacific Capital Inc. Schiff is known for his bearish views on the US economy and US dollar, and his bullish views on commodities, foreign stocks and foreign currencies