23 December, 2011

One Day There Will Be A Credit Collapse, But I Think We Aren’t Yet There

One day there will be a credit collapse, but I think we aren’t yet there. Before it happens they’re going to print,” Faber speculates. “And when printing as it has done in the last 12 years in the U.S. leads to discontent populations, because when you print money then only a few players in the economy that benefit, not the majority of households. - in BER

Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.