Marc Faber Dollar Will Eventually Go to Value of Zero

Faber told Bloomberg TV Dollar Will Eventually Go to Value of Zero 27 Oct 2009

Marc Faber, publisher of the Gloom Boom & Doom Report, talks about the outlook for the U.S. dollar going to a "value of zero" and the country's fiscal situation. Faber says the dollar will become worthless when people eventually realize the fiscal situation in the U.S. is a "disaster."

The currency will become worthless when people eventually realise that the fiscal situation in the US is a “disaster”, said Marc Faber, publisher of the Gloom, Boom Doom report.

“It will go to a value of zero eventually, but not right away,” he said.

“I think it will take about 10 years until people realize that the fiscal situation of the US is a complete disaster.”

The dollar’s rally will not last because the US will be forced to print more money to pay its debt, Mr Faber added "Ben Bernanke is a money printer and we should give him a medal for that "
(Source: Bloomberg)

Tags :

Marc, Faber, Discusses, Outlook, for, Dollar, Going, to, Zero:, Video, Audio Visual, Bloomberg, Currencies, Economic News, English Multimedia, Foreign Exchange Comments, Government News, News, Politics, Syndicated AV Reports, Television, The White House, U.S. Economy, United States, Web Mobile (internal), Business Chart Marc Rivalland FTSE Investing Stocks Euro Oil Energy Currencies Nerbrand Dollar Europe Economy Gold Tom O'Brien Rebecca Patterson JP Morgan Private Bank Precious Metals Technical Analysis Indexes Forex Eur USD Jen Currency Stock Market And Trades BullBear Faber Analyst/Economist Laggner Bubble Housing Leo Tilman Obama Forex Daytrading Technical Analysis Nouriel Roubini Kendrick RGEMonitor.com Schlossberg Harr BoK Rates Won China Paul Donovan Investment Aussie-Euro Dollars Unemployment Global Economics Bullish Grains Commodities Colin Whitehead Fat Prophets Real Estate Symond South Korea Asia Seoul Economic Growth Bernanke Fed U.S. Financial Nigel New Zealand US Recession UK GDP Lynch Regulations Fef Yuan Robert Lawrence Kuhn The Gartman Letter Megan McArdle Froehlich Boockvar Bell Techncial Obama Regulatory Steel Prices Mark Parr Sussman Coal Industry Prechter Bianco Financing Federal Reserve Silvia Yergin Mortgage Bonds British Pound Britain Technical,analysis Treasury James Shugg Home Sales Robin Marshall Banks Firms Australia Emerging Grain Review Charts Ron Political Committee Peter Schiff Inflation Strong Bull Jim Rogers Uptrend John Mauldin Banking Japan Credit Boom Crude Recovery Job Stimulus Zandi Jarvis Nickel Roberts Technicl Jobs Sparks Schaeffer's Research Retail Hewin Egyptian GE Gas Natural Claudi Santiago Zwermann Feer Argus Media Sectors Ramscar Uwe Parpart, Australian Schaeffler Auto Parts Pleus Calyon Corporate Monetary Policy Barbe Sri Lanka Ranjan Hulugalle Markets Hellwig Chong Hung Kai Asset Management Lo Kyriakopoulos Kang