Marc Faber on the Debt Threat and the US UK Portugal Moody rating

Marc Faber: 'We're All Doomed'

Also watch other today Marc Faber's CNBC Interviews First Interview Here and Second Interview Here

"When you look at the US… it's a total disaster, we're all doomed, we're doomed!" Marc Faber, author of the "Gloom, Doom and Boom Report," told CNBC Friday. Faber and Anthony Thomas from Moody's discuss the global economic outlook.
" in the near term I think the dollar could rally because the others are no better, the others are worse," said Marc Faber. "I think that the dollar will rally now against the euro and against the pound sterling and probably against the yen."

The price of gold is likely to hover between $950 an ounce and $1050, he said, adding: "I doubt we'll go below 1,000."

Dr. Marc Faber also known as Dr Doom is an investment adviser, investment analyst and fund manager author and publisher of the Gloom Boom & Doom Report . Dr Faber is known for his contrarian investment approach. Dr Marc Faber is associated with a variety of funds and is a member of the Board of Directors of numerous companies.
he became well known for advising his clients to get out of the stock market one week before the October 1987 crash. Dr Doom motto is "Follow the course opposite to custom and you will almost be right"
Mr. Faber is also the author of several books, including Tomorrow’s Gold – Asia’s Age of Discovery, and is a director of Ivanhoe Mines Ltd. , a mining firm focused on the Asia Pacific region. He is also an adviser to a number of private investment funds.