The U.S. government is largely deranged. The private sector is the dynamic one, and that’s why I object tremendously against building up fiscal deficits because they shift economic activity into unproductive government instead of leaving it in the private sector.
Another stimulus package would only make matters worse. In the Depression, they had one stimulus after another and it didn’t help. What helped was World War II.
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.
