Marc Faber, editor and publisher of the Gloom Doom and Boom report was the closing speaker at this year’s Prospectors and Developers Association of Canada (PDAC), and, as you may have guessed, Doom and Gloom was on the menu.
Dr. Faber has often said that an economic collapse of this magnitude, which affects almost every country in the world, will not end well. Often times, economic collapses lead countries to war and this time around is no exception. Specifically, he suggested that China and the United States may engage in a non-traditional, “dirty war.”
It wonâ€™t be the traditional war, it will be poison in the water systems of major cities like New York or London
He also gave the audience some signs to look for as an indicator of when the global economy will start to turn-around.
Signs to watch for that will suggest an economic recovery is happening include a weakening U.S. dollar, which would indicate liquidity returning to the rest of the world.
Finally, along with Jim Rogers, CEO of Rogers Holdings, Marc Faber suggests that those with the ability to do so, get into farming.
What you should all do is buy a farm and learn how to drive a tractor. In the future you donâ€™t want to be in a city, especially a financial centre.
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