Coronavirus Critical

COVID19: The Deep State Has Made Its Move

Economic Collapse is Imminent!
This Is It! Lock And Load... Final Warning!
The Shit Is About To Hit The Fan... Download Our Immediate Action Plan Now!

Marc Faber Says that the United States AND Europe Are Destined for Default

Mac Slavo
February 11th, 2010
Comments (4)

Marc Faber stuns CNBC anchors and guest February 10, 2010 with his comments regarding sovereign debt defaults:

I’m not interested in government or sovereign debts, because I think that all governments will eventually default, including the US.

“In the developed world we have huge debt to GDP, in terms of government debt to GDP and unfunded liabilities that will come due, and these unfunded liabilities are so huge that eventually these governments will all have to print money before they default.”

Marc Faber also body slams Dennis Kneale after Kneale questions him regarding his gloominess and forecasts in early March of 2009. Kneale, attempting to take a pot shot at Faber because of his gloomy predictions about government debt didn’t realize that Faber went boomy within a couple of days of the stock markets bottoming out, as evidenced by this interview.

Watch the interview on CNBC:

Hat tip Zero Hedge

President Trump is Breaking Down the Neck of the Federal Reserve!

He wants zero rates and QE4!

You must prepare for the financial reset

We are running out of time

Download the Ultimate Reset Guide Now!

Author: Mac Slavo
Date: February 11th, 2010
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.

SHTFPLAN is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to Amazon.com.

CBD Oils, Isolates, Supplements And Information


Vote: Click here to vote for SHTF Plan as a Top Prepper Web Site
  1. Airborne71 says:

    As reported in the news , Germany will not help bail out Greece ,  the dominos will start to fall in Europe, then come over here to the states.  Many economic commentators have been saying this might happen and it now looks like it will .

  2. zukadu says:

    Our own economy is not out of the woods yet, (think Bretton Woods) and it would really only take another serious crisis, natural disaster, or major conflict to tip the scales in the wrong direction; which is why CNBC always talks up the economy.

    CNBC would claim it was only birdshit if the sky was realling falling. 🙂

  3. Dennis Kneale is a moron with pathological Pollyanna disorder.

  4. Mark says:

    no ‘every man for himself’ strategy will work in the med-long term
    *were all in this together*

    The US Gov should DECLARE BANKRUPTCY to the FED- not negotiate a default deal with them, as they are crooks and robber barrons