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MARC FABER: The Debt Fight Is Meaningless, As Governments March Toward HyperinflationGus LubinBusiness Insider Jul. 28, 2011 |
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 Marc Faber expects a debt agreement, but nothing that helps in the long run. He tells King World News: “Yes, I’m sure there will be an agreement, but it doesn’t solve the fundamental problem of excessive debt and of further, very substantial deficits. They’ll iron out something with lots of compromises and with spending cuts that are backloaded, in other words they won’t happen immediately. As we go along say in three or five years' time when these spending cuts should occur and when the tax increases should occur, nothing will happen in my opinion.” America will keep piling on debt and printing money, as will Europe, leading to war and the collapse of governments... Read More 
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