Faber: Japan Is Engaged in a Ponzi Scheme

Nov. 3 (Bloomberg) -- Marc Faber, editor and publisher of "The Gloom, Boom & Doom Report," comments on Bill Gross' remarks about deflation and explains why he thinks Japan is engaged in a Ponzi Scheme. He speaks with Bloomberg's Trish Regan on "Street Smart." (Source: Bloomberg)




Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.Dr. Doom also trades currencies and commodity futures like Gold and Oil.