Marc Faber: Financial Bust Will Lead To War
Publisher of the Gloom Boom & Doom Report, Marc Faber, speaking at a conference in Singapore November 18, 2009, suggested that once the serious financial bust occurs, governments will take their nations to war to distract the people.
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 toÂ 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.
Read the full article…
For additional commentary from Mike (Mish) Shedlock, click here…
Click here to subscribe: Join over one million monthly readers and receive breaking news, strategies, ideas and commentary.
Please Spread The Word And Share This Post
Read by 82 people
Date: November 25th, 2009
Copyright Information: Copyright SHTFplan and Mac Slavo. This content may be freely reproduced in full or in part in digital form with full attribution to the author and a link to www.shtfplan.com. Please contact us for permission to reproduce this content in other media formats.