MARC FABER : "If they don't agree by the 17th,
I think what can happen is that the Fed will actually finance the
Treasury independently so the interest payments are being met. If the
interest payments are not being met, I think it will cause quite a bit
disruption to the financial market. I am not that concerned about that. I
think this larger issue is like the euro issue a year ago where people
were very negative and it was debated and so forth. In the end it is a
political decision. I think both parties want to spend. It's just on
different items that they want to spend money."
- in Bloomberg TV Click here to watch the full interview >>>>>Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.
