15 December, 2011

Thoughts On The European Crisis

"Unless there's an authority that can really punish (rule breakers) it's not going to work. I think the best thing to do is dissolve the EU. Let the markets sort this out. Let the countries default.

It's going to be painful, very painful. But rather than to intervene into something that is not going to work in the long run...intervention is the wrong medicine." - in Newsmax.com

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