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Marc Faber3-rd

Financial Destruction & Sovereign Defaults

You can postpone the problems by printing money, but then the problem comes back to an even larger extent.”

Eric King:  “We’ve been talking about the one quadrillion dollars of derivatives here at KWN recently, Marc.  Does the sheer amount of derivatives risk the danger of a 2008 style collapse?  Is that (risk) still out there?”

Faber:  “Yes.  If you look back at 2007, before the crisis occurred, and today, the level of credit in the world has increased.  The imbalances have also increased.

And the sovereign credit of countries has essentially diminished in quality.  Now we have a huge bond market rally because of artificially low interest rates, but I think the next stage in the rolling crisis that we will have will be sovereign defaults.”

Read the complete article at King World News here.

# Here you can see WHY it’s crucial to own physical gold & silver now, and HOW you can buy [and sell] it.

Please Note: This article is to inform your thinking, not lead it. Only you can decide the best place for your money, and any decision you make will put your money at risk. Information or data included here may have already been overtaken by events – and must be verified elsewhere – should you choose to act on it.

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