Depreciation of the dollar - CMA supports burst trillion in home loans - equivalent to the destruction of the U.S. rescue

Peter Schiff that the U.S. economy will sink bubble socialization of the Federal Reserve Note. U.S. mortgage giants Fannie Mae and Freddie Mac in the face of mounting pressure aggravated the problem in order to support enterprises in the trillions of dollars of housing loans for potential disaster. Together own or guarantee some U.S. $ 5,200,000,000,000 in loans, accounting for mortgage loans in the U.S. Forty percent of the total. Peter Schiff of Euro Pacific Capital, said that the two giants may requireIn "The quality of mortgage portfolio doubt" that the government aid. "Together both firms have less than $ 90 of capital reserves to ensure that the loss of over a billion of mortgage debt 5000000000000 ... Of course, Fannie Mae and Freddie Mac does not have the ability to survive without government assistance. This means that taxpayers will focus on the loss of billions, and even more than one trillion, hundreds of hooks. "