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There will be pain and there will be very substantial pain. The question is do we take less pain now through austerity or risk a complete collapse of society in five to ten years’ time?
In a democracy, they’re not going to take the pain, they’re going to kick down the problems and they’re going to get bigger and bigger. – in CNBC
Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.
2012-11-14 17:00:08
Source: http://faber-blog.blogspot.com/2012/11/take-pain-now-or-collapse-later.html