"There is no means of avoiding a final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come sooner as a result of a voluntary abandonment of further credit expansion, or later as a final and total catastrophe of the currency system involved." -Ludwig Von Mises
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Marc Faber say the dollar will become worthless over time

Author: Mac Slavo
- May 25th, 2009
                           

Dr. Marc Faber on TV Press with Max Keiser on May 22, 2009.

I don’t think the US Dollar will be replaced right away as the reserve currency or as the world’s most important currency. But I think the importance of the US dollar will diminish, and over time the US Dollar will become worthless. That is a fairly high confidence prediction that I have.

I rather think that we will move back in time to some kind of a gold standard rather than to a paper currency.

–

McDonald’s has a better credit rating than the US government. The US government is essentially cash flow negative.

Marc Faber with Max Keiser (Part 1 of 2), click here. (Note* Dr. Faber does not appear in part 1)

Marc Faber with Max Keiser (Part 2 of 2):

Author: Mac Slavo
Date: May 25th, 2009
Visit the Author's Website: http://www.SHTFplan.com/

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Posted In: Marc Faber, Max Keiser

 

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