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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Jim McMannis who wrote (277842)	9/22/2010 9:50:17 AM
From: DebtBomb	Respond to of 306849

LOL. We are headed straight for financial armageddon. No decent american should own dollars....they should own gold and emerging markets. All western gov't are impoverishing their citizens. The U.S. will default and collapse. You have $200 trillion? Didn't think so. Aaron Task: "The future will be a total disaster, with a collapse of our capitalistic system as we know it today, wars, massive government debt defaults and the impoverishment of large segments of Western society," Marc Faber writes in the September issue of The Gloom, Boom & Doom Report. A statement like that pretty much speaks for itself, but it's a bit more complicated than appears on first blush. Faber has been bullish -- especially on commodities and emerging market stocks -- for some time now and believes the current global recovery trade will last another two-to-three years, as discussed in more detail in a forthcoming clip. But he has major long-term concerns about the dollar's long-term viability given rising U.S. deficits, massive unfunded mandates and the fact "we have a money-printer at the Fed." This combination will eventually lead to runaway inflation, wholesale debasement of the dollar, and a major lowering of living standards for most Americans and many Europeans as well, says Faber, who is "highly confident" in this grim prediction. Read more: businessinsider.com