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Be prepared for the next great transfer of wealth and the collapse of fiat currencies around the world. Buy physical silver and storable food.
World renown author and forecaster Marc Faber’s [Tomorrow's Gold: Asia's age of discovery, Riding the Millennial Storm: Marc Faber's Path to Profit in the Financial Markets
,The Great Money Illusion; The Confusion Of The Confusions
] latest take on the situation:
(In) some countries, you know, like vietnam car sales are down 40 percent, steel production or steel usage is down 40 percent from the peak a few years ago. So we have in some countries already a meaningful slowdown and by and large if you talk to businessmen, business has definitely slowed down considerably. – in CNBC
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.
2012-09-09 11:03:58