Marc Faber Not only Greece , All Government will eventually Default on their debt including the US

The Emerging Economies are today much sounder in terms of Debt to GDP ratio than the developed world says Marc Faber

"We are in a correction phase and I expect this correction to go further" said Marc Faber
In an Interview today live on the phone from Hong Kong with CNBC , Marc Faber editor of the Gloom, Boom & Doom report said that he believes that eventually all government will default on their debt including the US , but with the exception of Singapore which has no debt and huge reserves "In the developed world we have huge debt to GDP, in terms of government debt to GDP and unfunded liabilities that will come due," "These unfunded liabilities are so huge that eventually these governments will all have to print money before they default." Marc Faber also said that he is relatively bullish on the stocks but not as much as he is bullish on precious metals..."The emerging economies are today much sounder in terms of debt to GDP than the developed world including the US Western Europe The UK and so forth so I think the problem will be really in the develloped world..."...
how Europe is handling the Greece situation, with Jon Levy, Eurasia Group and Marc Faber, Gloom, Boom & Doom Report

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 ,and the author of "Tomorrows Gold" . 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.
In 1987 he warned his clients to cash out before Black Monday on Wall Street. He made them handsome profits by forecasting the burst in the Japanese Bubble in 1990. He correctly predicted the collapse in US gaming stocks in 1993; and he foresaw the Asia-Pacific financial crisis of 1997/98 and the resulting global volatility. 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.