U.S. Treasuries are not risk-free at all because people that own them are going to take a haircut, they are not going to get paid 100 cents on the dollar and if they are it is because the dollar has collapsed and what they get paid will be worth even less.
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
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