HAI: It's been awfully quiet in Washington after a series of
battles over the debt ceiling and the fiscal cliff in 2011 and 2012. Do
you see any political risk lurking either in the U.S. or elsewhere?
Marc Faber :
It's a fair assumption that the U.S. government debt will continue to
increase. And it's also a fair assumption that the U.S. and other
central banks around the world will continue with the monetization of
the debt. To what extent there will be a battle in Congress between the
Republicans and the Democrats over the debt ceiling and about spending
cuts is anybody's guess.
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.
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