MARC FABER: THE CREDIT CRISIS THUS FAR IS JUST THE “TIP OF THE ICEBERG”

2 December 2009 by Cullen Roche 2 Comments

Marc Faber says we haven’t seen the worst of the financial crisis. He says we have only seen the tip of the iceberg so far. Banks and countries will go bankrupt in the coming years:

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Comments

The Finn

Today’s situation reminds me a little bit about Germany in 1924-1929. At that time is was the money from the US that kept Germany a live. Now it’s China that keeping US a live. The situation is of course different now but the main problems in the world are still the same,DEBTS and BORROWED MONEY.

12/03/2009 at 3:34 AM
Anonymous

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12/03/2009 at 4:33 AM