Marc Faber ‘the next crisis will be worse than 2007’

by Joe Oliver, Forex Trading-Pips

CNBC interviews Marc Faber aka Dr Gloom, editor and publisher of the Gloom, Boom and Doom report…

Key takeaways:

  • Asset holders will be forced to contribute to the ‘bailout’, large depositers likely penalised much more than small depositors
  • Singapore cash deposits relatively safe, US cash deposits risky
  • Treasury department may impose¬†withholding¬†taxes on interest payments to foreigners, money printing may collapse US Treasury market
  • The next crisis will be worse than 2007 – total loss of confidence in the system leading to a deflationary bust.

Check out the full interview with Marc Faber below

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