Peter’s Blog

The Japanese and Chinese aren’t buying US Treasuries. In fact, both countries reduced their holdings in April. According to the US Treasury Department, the Japanese disposed of $12.3 billion in US debt. Meanwhile, Chinese Treasury holdings fell by $5.8 billion. This could be a troubling development for the US government as it scrambles to fund its […]

During a podcast last week, Peter Schiff asked a key question: Who is going to buy all of this US debt? The US Treasury Department plans to auction off around $1.4 trillion in Treasuries this year. And it won’t end there. The department expects that pace of borrowing to continue over the next several years. […]