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MARC FABER : "If they don't agree by the 17th,
I think what can happen is that the Fed will actually finance the
Treasury independently so the interest payments are being met. If the
interest payments are not being met, I think it will cause quite a bit
disruption to the financial market. I am not that concerned about that. I
think this larger issue is like the euro issue a year ago where people
were very negative and it was debated and so forth. In the end it is a
political decision. I think both parties want to spend. It's just on
different items that they want to spend money."
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.