27 April, 2010

Inflation, Purchasing Power And Civil War

"In light of the current economic environment, investors should not own cash as it is going to be a disaster. If you print money like in Zimbabwe...the purchasing power of money goes down, and the standards of living go down, and eventually, you have a civil war"

in CNBC

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.