Marc Faber : The Sovereign rating of the US Debt will come down at some point in time

Marc Faber : Central banks are buying bonds to manipulate asset markets and bring interest rates down. Essentially the quantitative easing policy is supposed to be independent. Actually, it's closely related to fiscal policy. In a sense, these programmes and the monetisation are designed to purchase government bonds. Indirectly, these central banks, which have large fiscal deficit, are monetising the deficits and piling up more debts. With these measures, they are postponing the problems rather than curbing them. In this process, the debt levels will only go up and certainly the sovereign rating of the US debt will come down at some point in time. - in rediff