Guru - Marc Faber: U.S. debt is junk

Thursday, February 09, 2012




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Marc Faber: U.S. debt is junk

Tuesday, February 09, 2010
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From LewRockwell.com:

Marc Faber, publisher of the Gloom, Boom & Doom Report, talks with Bloomberg's Margaret Brennan about U.S. government debt and the nation's top Aaa rating. Faber also discusses Federal Reserve policy, China's economy and the real estate market.

Faber stated if you add all the unfunded liabilities that US has, including the future liability of medicare, medicaid, and social security, US debt will be junk if the US is a corporation.

Faber blamed...

Read full article (with video)...

More from Marc Faber:

Marc Faber: Markets to plunge 20%

Marc Faber: Take your money out of stocks now

Marc Faber: Obama makes Bush look like a genius

Topics:		Guru \| Economy \| Cruxallaneous

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