Be prepared for the next great transfer of wealth and the collapse of fiat currencies around the world. Buy physical silver and storable food.
World renown author and forecaster Marc Faber's [Tomorrow's Gold: Asia's age of discovery, Riding the Millennial Storm: Marc Faber's Path to Profit in the Financial Markets,The Great Money Illusion; The Confusion Of The Confusions] latest take on the situation:
“interest rates are no longer a tail-wind, earnings growth is not there, and emerging economies are collapsing (so no global growth).” However, with asset allocators “swimming in the pool of liquidity” it is hard to say ‘when’ it will occur especially as money floods out of EM markets. Critically though, it is Syria (and the spillover) that has Faber most concerned; as he concludes that Western governments “meddling” is “going to be a disaster.”- via zerohedge
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.