Faber Says U.S. Government May Fail in 5 to 10 Years; Calls Bernanke "A Criminal"

[achilles28]

Bernacke is not incompetent. Or stupid.

He knows EXACTLY what he's doing.

That's what scares me.

 

[Angrycat]

Quote from just21:

If the Fed just follows the t-bill rate then the market is setting interest rates.

No, they do much more than that. You're right, they can't control all the interest rates, but the Fed can very effectively control the short term rate and that does have an impact on the longer term rates.

 

[wildfirepow]

Quote from MohdSalleh:

if USA fails while Obama is president, guess what will happen?

ethnic pogroms from all sides the like you have never seen since the holocaust

Barack Obama and his team have failed the USA with $82 Trillion of debts on and off the books.

Source-: http://usdebtclock.org/

 

[GOP_trader]

How can you profit from this information. No puts their money where their mouth is. It's easy to make calls with no money on the line.

 

[wildfirepow]

Quote from wildfirepow:

Barack Obama and his team have failed the USA with $82 Trillion of debts on and off the books.

Debt per citizen = $38,462

Private debt per citizen = $24,109

Liability per citizen = $192,133

USA is bankrupt

http://usdebtclock.org

 

[paysense]

Quote from vulture:

Not to step in the middle of a pissing match, but they are referring to Mark Faber, not the pundit David Faber that you mention...

Thanks.



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