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.
That’s a lot of bonds. Who will buy them? Because the biggest purchasers of US debt aren’t in a buying mood.
