"One day this whole credit bubble will be deflated very badly - you are going to experience a complete implosion of all asset prices and the credit system - but as to when -I don't know."
One advanced sign of the cracks in the system are already evident. A
dollar of additional credit in the system created significant economic
growth, but these days an additional dollar has very little impact.
"That is a sign that we have reached the end of monetary policy."
Another indication is when the US government has to issue treasuries to
pay the interest on its maturing debt. "That will be the end game - then
you are dealing with a collapse in the currency." - via scmp.com
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.