uksecretcourts
11-02-2010, 08:59 PM
Marc Faber: All governments will default on their debt including the US
February 11, 2010 – 2:31 pm No Gravatar
Not only Greece , All Government will eventually Default on their debt including the US.
The Emerging Economies are today much sounder in terms of Debt to GDP ratio than the developed world says Marc Faber.
“We are in a correction phase and I expect this correction to go further” said Marc Faber
In an Interview today live on the phone from Hong Kong with CNBC , Marc Faber editor of the Gloom, Boom & Doom report said that he believes that eventually all government will default on their debt including the US , but with the exception of Singapore which has no debt and huge reserves “In the developed world we have huge debt to GDP, in terms of government debt to GDP and unfunded liabilities that will come due,” “These unfunded liabilities are so huge that eventually these governments will all have to print money before they default.” Marc Faber also said that he is relatively bullish on the stocks but not as much as he is bullish on precious metals…”The emerging economies are today much sounder in terms of debt to GDP than the developed world including the US Western Europe The UK and so forth so I think the problem will be really in the develloped world…”…
how Europe is handling the Greece situation, with Jon Levy, Eurasia Group and Marc Faber, Gloom, Boom & Doom Report.
video and more here:
http://revolutionarypolitics.com/?p=3389
February 11, 2010 – 2:31 pm No Gravatar
Not only Greece , All Government will eventually Default on their debt including the US.
The Emerging Economies are today much sounder in terms of Debt to GDP ratio than the developed world says Marc Faber.
“We are in a correction phase and I expect this correction to go further” said Marc Faber
In an Interview today live on the phone from Hong Kong with CNBC , Marc Faber editor of the Gloom, Boom & Doom report said that he believes that eventually all government will default on their debt including the US , but with the exception of Singapore which has no debt and huge reserves “In the developed world we have huge debt to GDP, in terms of government debt to GDP and unfunded liabilities that will come due,” “These unfunded liabilities are so huge that eventually these governments will all have to print money before they default.” Marc Faber also said that he is relatively bullish on the stocks but not as much as he is bullish on precious metals…”The emerging economies are today much sounder in terms of debt to GDP than the developed world including the US Western Europe The UK and so forth so I think the problem will be really in the develloped world…”…
how Europe is handling the Greece situation, with Jon Levy, Eurasia Group and Marc Faber, Gloom, Boom & Doom Report.
video and more here:
http://revolutionarypolitics.com/?p=3389