Marc Faber also expressed his view that yields on US Treasury may rise sharply over the next 5 to 10 years due to inflation and oversupply. In his earlier article, "Gloom, Boom & Doom Report," he had indicated that printing money is one way a government silently defaults on its debt. He explained that when a government prints more money, the repayment of creditors occurs in a currency whose purchasing power gets severely curtailed through the money-printing process.
in Benzinga.com
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.
