Saturday, October 27, 2012

Marc Faber : we will have a Colossal Crash in the Financial System

Marc Faber : “Eventually we will have a colossal crash in the financial system, colossal, and all of you will be lucky if you lose only 50%,” he said. “I would make provisions for the day asset markets come down because every inflation eventually turns in to deflation. When it happens I don’t know, but it is usually when the working class is impoverished and then the country has to blame someone and they go to war,” Faber said at the Diversified Asset Show in central London today

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