Wednesday, August 3, 2011

Marc Faber: Fire half of the US government including the president

Marc Faber discusses about the US government, China, commodities, emerging markets and his view on the gold price on CNBC on the 2nd of August 2011.

He says a China's slowdown is a more serious risk to the global economy than a slowdown or recession in the US as the US is no longer a major commodities buyer. His views on Gold is that is we compare the level of government debt in the 90s and now, they have increase by 10 times, but the price of gold has not increase that much during the period.

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