Saturday, October 27, 2012
Faber : The U.S. is getting closer to a Revolution as is Europe.
Marc Faber : “Eventually, you have either huge changes occurring in a peaceful fashion through reforms, or, usually, through revolutions,” The U.S. is getting closer to such a revolution, as is Europe. “I think the timeframe would be within five to ten years you have a colossal mess … everywhere in the Western world,” Faber said. “I think the deficit here (in the U.S.) — irrespective of who is in the White House — will stay above a trillion dollars per annum for at least as far as the eye can see.” - in CNBC’s “Squawk Box.”
Posted by Biz TV