Sunday, November 13, 2011

Marc Faber : Japan and the US can Default

Marc Faber : I think based on historical precedent it's very likely they will , not tomorrow , and before they do they'll print money like crazy in other words monetize the debt , but eventually I think it is quite clear that the US will default or they can't keep their obligation , say that medicare has to cut down , medicaid cut down social security recipients will get less money or people will have to pay more taxes in either way something will happen - in yahoo Tech Ticker

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.

LinkWithin

Related Posts Plugin for WordPress, Blogger...