"When the economy's bad, governments pile up these fiscal deficits and they print money to offset the deleveraging of the private sector, he says. They're going to print and print and print. If the economy sours again and especially if deflationary forces take hold, we'll have even more stimulus packages and even more printing. That will bankrupt western governments - not just in the U.S. but everywhere. "
in Yahoo Finance
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.
