Tuesday, January 1, 2013

Marc Faber :I am ultra bearish on Paper Money, Government Bonds, Notes or Bills

Marc Faber : “In my view we have too much debt in the household level, the student level and the government level.” Faber predicted deficits over a trillion dollars in America for the next 10 years. He says this will will hurt economic growth immensely. “I'm ultra bearish on paper money,” said Faber. “There is a bubble in government bonds. People will realize that their money will lose purchasing power and will no longer trust to buy government bonds, notes or bills.” - in The Bubble Film


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