The coming US dollar crisis Message Board

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Strategies & Market Trends : The coming US dollar crisis

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From: Robin Plunder	4/23/2010 6:51:10 AM
	1 Recommendation Read Replies (2) of 71454

Marc Faber on regulators... "Faber does not think the SEC charges against Goldman Sachs will have a very significant impact on the markets since the accusations are “purely politically motivated.” “Obama has lost the trust of the people; his approval rating is worse than Bush at this stage in the presidency. When people are dissatisfied in a democracy - you go after a minority to target – in the case of America you go after Goldman Sachs because it is the symbol of Wall Street and excessive money creation and there is also a tone of anti-Semitism there.” He added, “Mr. Obama will do everything he can to get re-elected and that may involve some very bad decisions. He is like a roman emperor; he just gives out bread to the mob and produces games and circuses.” Overall, Faber has little hope for financial reform in the U.S. “The U.S. should have less regulation and not more regulation – that is the origin and cause of the crisis.”

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