Thursday, September 26, 2013

The US needs a Secretary of the Debt not Tresury

Peter Schiff recently stated that perhaps the U.S. should put a picture of Lance Armstrong on its currency because it is backed by artificial stimulants. Schiff also stated that the U.S. doesn't need a Secretary of the Treasury. The United States needs a Secretary of Debt, because there is no treasury with $17 trillion dollars of debt.

Peter 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