Marc Faber The US has Reached its Zero Hour

Marc Faber U.S. Would Be Rated Junk if it was a Corporation

Dr. Marc Faber publisher of the Gloom Boom and Doom Report on the phone From Cambodia was interviewed by Bloomberg Television today 08 February 2010 : "If you add all the unfunded liabilities the US has in terms of future liabilities rising from medicare medicaid and social security then obviously if The US was a corporation it wouldn't be a Triple A but it would have bonds that are junk rated " says Dr. Marc Faber , "you would have asked yourself what the Federal Reserve were smoking because as they increased interest rates credit growth actually accelerated , so something had to be wrong ..." Dr. Marc Faber added

Marc Faber U.S. Would Be Rated Junk if it was a Corporation

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.