Listeners’ Questions, Peter’s Answers – July 3, 2014
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Tim in Salisbury, NC
I’m currently in the forex market and have been positioning myself for the inevitable collapse of the US dollar. In your opinion, what is the best currency to buy against the USD?
Herman in Monterrey, Mexico
What do you think will happen to the Mexican peso when the US dollar collapses?
Curtis in Edmonton, Canada
Since the Federal Reserve is made up of a bunch of private banks and they currently hold trillions in U.S. Treasuries, and since the banks and the Federal Reserve are responsible for this financial mess, why don’t American taxpayers just default on the treasuries held by the Fed? Treasuries held by Japan and China would not be affected, just those held by the Fed. Wouldn’t this punish the Federal Reserve and reduce the federal debt?
DJ in Brooklyn, NY
Once gold hits 5k per oz, what currency should I sell my bullion for since the US dollar will be garbage?
John in Philadelphia, PA
Can American financial firms participate in Euroclear? If so, what’s to stop the Federal Reserve from telling their “primary dealers” like Citigroup or JP Morgan to buy US treasuries through Euroclear in Belgium?
