Britannia Radio

Marc Faber: A video that could scare the hell out of you

Advertisement Wednesday, September 23, 2009 Text Size:    By Daily Crux Editor Justin Brill: Contrarian legend Marc Faber, editor of the Gloom, Boom, & Doom Report, is back at it again. Faber is bullish over the next 2-3 years, saying that stocks and commodities are likely to continue higher in response to global stimulus, deficits, and money printing. But he's "ultra-bearish" for the next 5-10 years. Faber is "convinced of a total collapse" of the capitalist system, and sees runaway inflation, unemployment, more wars, complete destruction of the U.S. dollar, and the "impoverishment of large segments of Western society." Watch full video... More on the economy: Top investor rips legendary bear Jim Grant Shocking visual evidence of the collapse in world trade Nassim Taleb: Debt disease is killing the world economy