Sunday, June 27, 2010

Marc Faber I prefer to have China s Bubble than The Bubbles in The US

Marc Faber, author of Gloom Boom and Doom Report says many Western governments would eventually follow the US 'inevitable' default suit. Outspoken investor and writer Marc Faber doesnt give America much time before it goes bust.

“I’m convinced the US government will go bankrupt, but not tomorrow. Before they go bankrupt, they’ll print money, and then you’ll get very high inflation rates. Then you get a depression with high inflation. Then eventually they’ll go to war.”

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