Marc Faber: The Dollar’s Value In The Future Will Be Zero

In Americas, World News on April 19, 2011 at 2:32 pm

By Gregory White

Dr. Marc Faber spoke with CNBC this morning about currency markets, notably the recent movements in the euro, global long-term position in the dollar, and the rise of gold and silver.

Earlier, Faber spoke about his view of the U.S. deficit situation. He expects the U.S. government to raise the debt ceiling, but doesn’t seem Republicans and Democrats building a budget plan in which taxes are raised and spending cut, the real recipe for deficit reduction.

Faber also encouraged individuals, in a separate conversation, to be their own central bank and buy gold. He warns, however, not to hold it in the U.S., as the government might buy it like they did in the early 1900s.

Full article + Interview…

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