Prepare for War, the Death of capitalism and Bankruptcy of the US Government said Marc Faber
Marc Faber forecasts Economic Armageddon , the author of "The Gloom, Boom & Doom Report" foresees a litany of unpleasant events ahead , living up to his reputation for bearishness .
His key message is: buy real assets. He thinks it will take years for the global economy to recover, but when it does the effect of governments' printing money will ultimately reignite inflation.
"If you're in any field, you should own a farm because one day you will be grateful that you are able to grow your own agricultural produce."
Recovery will be slow because government meddling in the markets will postpone it. He argues that the final low for markets and for growth will only come when the debt and losses have been cleaned out of the system.
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a Marc Faber Blog: Prepare for War, the Death of capitalism and Bankruptcy of the US Government said Marc Faber