Marc Faber : treasuries are perceived still as a safe heaven because everybody knows the US has an endless ability to print money

Marc Faber : I think treasuries are perceived still as a safe heaven because everybody knows the US has an endless ability to print money , so the interest will be paid the question is governments can default in two ways either they just stop paying the interest and then there is a debt restructuring like Argentina went through , or they just pay the interest and the principle eventually in worthless currency that's the way the US will likely do it- in CNBC Click Here to watch the Full Interview >>>>

Marc Faber : soon we will see if Bernanke is a really a true money printer or just an amateur money printer

Marc Faber : well as I said I think the market is extremely oversold as of today and I think we can have a snap back rally say 40 or 50 points on the S&P but no new highs and I always said starting February that a correction is under way and that we will go down to say 1100 , 1150 something like this but now may be  it is not going to happen that we go down to 1100 because I can already smell QE3 and the next few weeks or next week will be important to see whether Mister Bernanke is a really a true money printer or just an amateur money printer , if he is a true money printer he will start printing soon and then the markets will rally but no new highs as I said
- in Bloomberg ...Click Here to watch the Full Interview >>>>....