Friday, June 19, 2009

Marc Faber Hyperinflation Could Hit US in 5 - 10 Years

Marc Faber , also known as Dr Doom editor and publisher of the Gloom, Boom & Doom Report says : Could Hit US In 5-10 Years
"since the introduction of the federal reserve in 1913 The US Dollar have lost 95 percent of its purchasing power , we already had a lot of inflation and although it took 100 years to the dollar to lose 95% of its value the next 95% in value will be very quickly "
"In every society, when you have large fiscal deficits combined with easy monetary policies … the likelihood that you will have high inflation is very, very high," Faber continued. "And it happens very quickly."he told today to CNBC "It’s a lie what they publish," said Faber. "If you underweigh education costs, and if you underweigh health care costs, then you come to a totally different result."
"In such a volatile market, the safest place to invest is in equities or assets." Faber added

"I'm not very bullish about real estate prices in the U.S., but I'd rather be in real estate than in 30-year U.S. bonds.",from now on I am going to nickname dr Marc Faber , Dr Hyperinflation cause he is the only one amongst top range economists who warns the most about Hyperinflation , I hope you agree with me .














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