I can tell you, all governments will eventually have to be bailed out in the western world. Its either going to be through money printing, as I think, or default. They are over indebted, especially if you consider the unfunded liabilities like future pensions, social security, medicare, medicaid and so forth.
It does not add up, they will all default or they will all print money. But the outcome won`t be pretty, that I can assure you.
in Bloomberg
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.
