Tuesday, December 9, 2014
Dollar Meltdown, Massive Financial Bubble, Economic Collapse Marc Faber
MARC FABER interview The Bubble Raw footage
Actual debt is much, much higher when you take into account welfare programs that is another 27 trillion. Then take into account petroleum dollar debt, and other things and we are looking at like 80 something trillion in actual debt over 500% of GDP.And for all those hollering no more bail outs. There won't be now banks do bail ins. Frank Dodd seen to it that now all depositors are considered unsecured creditors. So when the stock market, and derivative bubbles go BOOM! We are on the hook again only this time with all out deposits, 401 k, IRA, ECT. any single penny we put in the banks become their assets, not ours. Tax bail out is no longer necessary.
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.Dr. Doom also trades currencies and commodity futures like Gold and Oil.
Posted by Nicole Bourbaki