Marc Faber on Bloomberg March 03 2011

Marc Faber said that a global systemic collapse would in relative terms benefit the United States he explains why . Marc Faber on the Phone from Tokyo speaking with bloomberg :"...well I think in a really negative environment where everything collapses the US is still a relatively self sustained economy that produce enough food and they have the resources even to produce enough energy if they wanted to , the problem is that interest lobbies prevent new sources of energy to be developed and so the US is still highly dependent on imported oil , besides from imported oil and I would say in life you need to eat everyday but you do not need to go to your office everyday you could do your job from your home and so essentially energy consumption could go down substantially in a crisis level , if I were really very negative about the whole world , I would have better be in the US than say Guatemala , Venezuela Saudi Arabia ..."


Marc Faber Says U.S. Stocks Will Outperform Emerging Markets
March 3 (Bloomberg) -- Marc Faber, publisher of the Gloom, Boom & Doom report, talks about the outlook for global stock markets. Faber also discusses the U.S. economy and commodity markets. He speaks with Tom Keene on Bloomberg Television's "Surveillance Midday." (Source: Bloomberg)