At a conference in Moscow, Marc Faber laid out the crisis that he sees coming in the next 10 years. First interest on the debt will accumulate to 35% of our spending. Then comes inflation. Then comes default.
And then war.
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See Also:
- Marc Faber: Big Banks Are The "Freakish Offspring" Of The Fed’s Easy Money
- Bill Miller: We Don’t Make Investments On Simplistic Marc Faber Theories
- Marc Faber: Barack Obama Is Making Bush Look Like A Genius