Marc Faber : No deflationary bust under Bernanke's Fed

Dr. Marc Faber in a lecture on asset allocation & tips on gold in Abu Dhabi explained that extreme deflation scenarios are extremely unlikely under the Bernanke Fed , and that he prefers Gold and resource company equities over Cash and US treasuries , he pointed out that with the U.S. so deep in debt the Fed thinks it cannot allow asset prices to drop below a certain point because that would devastate the balance sheets of the banks with debt deflation...

Via : http://www.arabianmoney.net/gold-silver/2010/08/08/marc-faber-lectures-abu-dhabi-on-asset-allocation