GOLD CENTURY

[SAMIA]

Marc Faber - The Ultimate Crisis Will Destroy Everything



Eric King: Marc Faber always known for his frank talk summed up the situation as follows, “If you look at Greece like a corporation, basically its bust.” Bullish fundamentals for gold are all around, yet many are waiting for the next shoe to drop in the gold market. Pessimism coupled with bullish underpinnings potentially set the gold market up for a significant move higher.



When asked about the rescue package Faber remarked, “In my opinion it doesn’t go far enough, its postponing the problem. Its the same way in America the financial crisis has not been solved but the real crisis has been postponed because the deficits are going up. But in a democracy no problems are solved its just postponed until the ultimate crisis will destroy everything.”


Marc Faber has been warning about paper currencies for years. His understanding of Austrian Economics allows him to see the global train wreck that is the fiat system. As all paper currencies implode those with gold will be the only ones left standing.


http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2010/4/30_Faber_-_The_Ultimate_Crisis_Will_Destroy_Everything.html