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Jason from Salt Lake City, Utah: I think it probably takes a lot of liquidity creation to maintain 0 percent interest rates. Is it possible to keep monetization going through a scheme whereby the bigger banks have access to very cheap money and they use that to invest in Treasuries at a higher rate? If this could happen, I think the Fed could direct QE3 without having to announce anything. Submit your webcast questions here: http://schiffradio.com/contactus?loadForm=4#contactForms
Peter Schiff is an American investment broker, author, financial commentator, and was a candidate in the 2010 Republican primary for the US Senate.
Video © and provided by Peter Schiff.
Peter Schiff is an American investment broker, author, financial commentator, and was a candidate in the 2010 Republican primary for the US Senate.
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