As France lost its AAA ratings, they discuss what could happen in the Europe, which countries could leave, which ones could stay and how it may affect the Euro. Marc Faber also said that he was not interested in buying any kind of government debt, be it French or American.
He expects the rest of the world (including Europe) to start outperforming the US markets sometimes in 2012, as the US market has better performed than most countries in 2011.
Finally, in case a further deterioration of the economy he expect massive money printing over the world and favor dividend paying high-quality companies such as Total and Novartis.
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