Marc Faber : avoid Industrial commodities , Australian Dollar and Canadian Stocks and property in case China crashes or slows down

When Will Greek Contagion Hit America ?

Marc Faber : Basically it is just another bailout package but the question is : who did they really bailed out , did they bail out Greece or they bailed out themselves ! because they have already a package in place where presumably they bought a lot of these toxic bonds already from Spain and Portugal and Greece on which they sitting on huge losses , so i think the whole thing is basically a farce , it is like a completely drunk sailor supporting the other completely drunk sailor on the way home...they are gonna fall off the cliff or fall off into the harbor , and that what will happen worldwide , In western democracies the problems are never addressed they are postponed through money printing basically and bailouts and what you do is you kind of limit the growth of the private sector that is the dynamic part of the economy you shifted over to the government and the government has more and more influence on economic activity and personal lives ...The Endgame has begun and this is basically to print money and you will print more and more money and eventually it will be reflected in the loss of purchasing power of paper money , as you know most Americans the medium household has not had any real wage or income increase for the ten twenty years and it is also reflected in the price of precious metals ...
The Advantage of the United states is ...California is probably broke so they will need a bailout then Illinois for sure is broke and they will need a bailout but the US can simply print money , so it is not a huge immediate problem , it will be a longer term problem and the longer the fiscal deficit are not addressed the more the unfunded liabilities will go up , and whoever thinks that Obamacare will save money is dreaming , is believing in fairy tails ,
About the timetable for the US Marc Faber answers : well I think five to ten years Maxim and during that period of time you will have huge volatility as we had last week with markets occasionally shooting up , occasionally you will have very bad corrections and that will be the order of the day ,...
when you have interests rates at zero percent you force people to speculate that's the problem it is not a computer program , the computer programs are a consequence of zero interest rates , people will do something with the money....
China will certainly slow down says Marc Faber ...will it crash ? who knows he added but it is quite possible that in some sectors like properties and individual cities we could have a crash...
May 10, 2010 — The Gloom, Boom and Doom Report Publisher Marc Faber weigh in on the future of the global and U.S. markets.

Marc Faber : avoid Industrial commodities , Australian and Canadian Dollars and Stocks in case China crashes or slows down meaningfully