Marc Faber: Global Collapse will Happen Eventually, Monetary Problems Today Can Not Be Solved
January 14, 2012 – 4:47 pmEditor of Gloom Boom and Doom report and investor, Marc Faber, believes that there is going to be a global collapse eventually. But he is convinced that one day the whole derivative markets will cease to exist. You can postpone the problems with monetary measures for a very long time but you can not solve them. Greece should have defaulted a long time ago so that it would send the message that not all derivatives are equal, depending on the counterpart.
Below is the whole interview of Marc Faber:
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Tags: Collapse, Global Collapse, Marc Faber