Peter Schiff: Market-Crushing Treasury Collapse To Hit Around 2013

``The controversial investor and commentator expects a massive crash over the next two to three years as a bond market bubble, coupled with the U.S. dollar, collapses under the weight of excessive debt.  Schiff, like PIMCO's Bill Gross, doesn't believe in the current deleveraging cycle.  While households have reduced their leverage, government debt has ballooned on the back of stimulus programs, but, argued Schiff, the government's debt is the people's debt, thus overall leverage has actually increased.'' -- Caution: Schiff is horrible with timing.