Tuesday, September 11, 2012

Sovereign Credit in the Western world, Are All Bankrupt

Marc Faber : “I tell you, sovereign credit in the Western world, they’re all bankrupt,”
“But before they officially go bankrupt and can’t pay, they’re going to print money and massively so. That should be very clear. That’s the easiest way politically to postpone the hour of truth.” - in ETF Daily News
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Dr. Marc Faber Tomorrow's Gold







Dr Marc Faber was born in Zurich, Switzerland. He went to school in Geneva and Zurich and finished high school with the Matura. He studied Economics at the University of Zurich and, at the age of 24, obtained a PhD in Economics magna cum laude. Between 1970 and 1978, Dr Faber worked for White Weld & Company Limited in New York, Zurich and Hong Kong. Since 1973, he has lived in Hong Kong. From 1978 to February 1990, he was the Managing Director of Drexel Burnham Lambert (HK) Ltd. In June 1990, he set up his own business, which acts as an investment advisor and fund manager.