Monday, May 30, 2011

Marc Faber : both the Euro and the Dollar are terminally sick

Marc Faber : ...I am not worried about Greece and Spain , because they will have to restructure anyway they're basically bust , but the ECBs like the FED will continue to inject liquidity into the system and I mean it's hard to believe that the Euro is an even worse currency than the US dollar because both are sick , I mean extremely sick terminally sick , but my concern is a geopolitical issue I think what is happening in Libya has waken up the Chinese , because the Chinese they used to get 60 percent of Libyan Oil production they must realize that the allied invasion of Libya is directed against their expansion in Africa and that's how far they will let it go if say the west at some stage attacks Pakistan which is a very close ally of China then the Chinese will also take measures ....in Bloomberg TV

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