I respect Marc Faber, he was well ahead of everyone predicting the current economic crisis. He was called Dr. Doom well before I was. Watch the video.-Lou
The US risks being hit by Zimbabwe-style hyperinflation and there are signs that the world's biggest economy risks turning into a banana republic, Marc Faber, author of the Gloom, Doom & Boom report, told CNBC's "Asia Squawk Box."
"In the US, we have a totally new school, and it’s called the Zimbabwe school," Faber said. "And it’s founded by one of the great leaders of this world, Mr Robert Mugabe, that has managed to totally impoverish his own country. And that is the monetary policy the US is pursuing."
Watch Video Here:
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Alas! If this were to really happen there is no sense in living in this country. Social order will break down. The government will confiscate your gold and/or not allow you to transfer wealth in or out of the country.
ReplyDeleteThere is no way to survive a hyper-inflation.
Sorry .... investing in gold will not protect you from a true hyper inflation.
The US FED needs to change its name to Parker Brothers.
ReplyDelete