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    Marc Faber: What We’ve Seen is Just the Tip of the Iceberg (December 2009)

    Mac Slavo
    December 3rd, 2009
    SHTFplan.com
    Comments (2)
    Read by 50 people

    Gloom Boom & Doom Report editor Marc Faber on Bloomberg December 1, 2009.

    Historically, occasionally there were huge sovereign defaults and governments sponsored enterprise defaults. So, what we’ve seen is just the tip of the iceberg. I just maintain that we had a financial crisis in 2008. We then had stimulus packages and quantitative easing. But nothing has been resolved. It’s just being postponed.

    The ultimate crisis will not just bankrupt the banking system and the financial sector as has happened in 2008, but it will bankrupt governments.

    Listen to Marc Faber on Bloomberg (December 2009):

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    Author: Mac Slavo
    Views: Read by 50 people
    Date: December 3rd, 2009
    Website: www.SHTFplan.com

    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.

     

    2 Comments...

    Vote: Click here to vote for SHTF Plan as a Top Prepper Web Site
    1. Your Name..... says:
      December 3, 2009 at 4:10 pm

      A glimpse into the future. For what it is worth.

      http://www.ted.com/talks/hans_rosling_asia_s_rise_how_and_when.html

    2. Bob-bob-bob says:
      December 3, 2009 at 4:49 pm

      Mr. Faber is not alone in his assessment , many in all walks of life are saying the same thing . Even  Pastor David Wilkerson has weighed in on this subject with a prophesy saying that the Melt down starts big time in Europe then comes over to the Americas . When Mexico fails two weeks later the US will.  Personally I beleave him , Not just  because he is a pastor but because it FITS .

    		  
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