Wednesday, June 29, 2011

Marc Faber : the debt level in the US is beyond repair

Marc Faber : " In my view, the debt level, especially in the US, if we include the unfunded liabilities of Medicare, Medicaid, Social Security and these entitlement programs, is beyond repair. And this will necessitate printing more money. Also, in my view, there is no real political will to address the issues, because who ever would cut entitlements, will not be re-elected. So we have a tyranny of the masses."
- in lewrockwell.com

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