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):