The Fiscal Deficit will stay above a Trillion Dollars regardless of who will be in the white house next year

Sunday, September 9, 2012

The Fiscal Deficit will stay above a Trillion Dollars regardless of who will be in the white house next year

Marc Faber : I'm very concerned that regardless of who will be in the white house next year, the republicans or the democrats, the fiscal deficit will stay above a trillion dollars as far as the eye can see. and that more money printing is on the way, QE3, QE4, and so forth and so on. . - in CNBC The Call 06 Sept 2012
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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.