The coming US dollar crisis Message Board

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Strategies & Market Trends : The coming US dollar crisis

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From: ayn rand	11/25/2009 5:39:17 PM
	1 Recommendation of 71456

Marc Faber: Financial Bust Will Lead To War .................................................. In his gloomiest prediction yet, Marc Faber sees big financial bust leading to war: “The crisis has not solved anything. On the contrary there is less transparency today than there was before. The government’s balance sheet is expanding, and the abuses that have led to the one cause of the crisis have continued. I think eventually there will be a big bust and then the whole credit expansion will come to an end. Before that happens, governments will continue printing money which in time will lead to a very high inflation rate, and the economy will not respond to stimulus. The average family will be hurt by that, and then in order to distract the attention of the people, the governments will go to war. People ask me against whom? Well, they will invent an enemy.” Once the public government sector is backed into a corner, and they can no longer blame private industry and the more fortunate “rich” for the problems in this country, they will deflect blame away from themselves. The easiest way to do this? Wag the dog and blame another country. China or Iran or whoever the enemy is, is irrelevant. No bought-and-paid for politician or government appointee will take the blame for the worst debt crisis in history. - Mac Slavo- November 25th, 2009

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