The US Dollar Will go to value Zero Said Faber on Bloomberg
The dollar will become worthless when people eventually realize the fiscal situation in the U.S. is a "disaster," said
Marc Faber, Publisher of the Gloom, Boom & Doom report.
"It will go to a value of zero eventually, but not right now," Faber said today in an interview on Bloomberg Television. "Looking at Mr. Obama's administration, it should already be there. I think it will take about 10 years until people realize that the fiscal situation of the U.S. is a complete disaster."
"In my opinion, about 50 percent of tax revenues will be used just to cover the interest payments on the government debt. That is unsustainable. Then you'll really be forced to print money."
The best investments right now are foreign currencies, commodities and equities, Faber said. Stocks will continue to benefit from the actions of Federal Reserve Chairman, "As soon as the S&P drops to 900 or 800, he will print money again. He's a money printer. He's nothing else."
Marc Faber, Publisher of the Gloom, Boom & Doom report.
"It will go to a value of zero eventually, but not right now," Faber said today in an interview on Bloomberg Television. "Looking at Mr. Obama's administration, it should already be there. I think it will take about 10 years until people realize that the fiscal situation of the U.S. is a complete disaster."
"In my opinion, about 50 percent of tax revenues will be used just to cover the interest payments on the government debt. That is unsustainable. Then you'll really be forced to print money."
The best investments right now are foreign currencies, commodities and equities, Faber said. Stocks will continue to benefit from the actions of Federal Reserve Chairman, "As soon as the S&P drops to 900 or 800, he will print money again. He's a money printer. He's nothing else."
Source: Marc Faber Channel.com, October 29, 2009
Comment
-
Comment by youhavetoforgiveme on November 2, 2009 at 2:14pm
-
10 years??? can't they hurry up? :P
"Destroying the New World Order"
THANK YOU FOR SUPPORTING THE SITE!
Latest Activity
- Top News
- Everything
The Cartel
"In his 1995 book; Bloodlines of the illuminati, Frits Sringmaier listed the following 13…"
"This falls in the category of political assassination, a very shameful policy of eliminating people…"
"cheeki kea Thank you, just one thing. The Choctaw Indian who came to the rescue was a war veteran…"
"Well that is one fine story you've got going there Doc V. with a very interesting roll up. I…"
"Just another bizarre chapter in WWII that seems more suspect as paranormal."
Former President Trump?
When was this article written? It is attributed to Victor Davis Hanson. He is a Fellow at Hoover…See More
"It must be an unintended mistake "former". But that Trump demanded to keep Khan away is a…"
"Quite an uplifting story of the winter war. Finland was overpowered by ten to one and could still…"
Elon Weighs in on Charlie Kirk's Assassination and How it is an Instrument of Social Control
For a very long time now there has been in place mass population behavioral control operations that…See More
"Less Prone Thanks Buddy I worked on it for 3 days! "
"You have spun a great story, congratulations!"
© 2025 Created by truth.
Powered by
You need to be a member of 12160 Social Network to add comments!
Join 12160 Social Network