MARC FABER: The Debt Fight Is Meaningless, As Governments March Toward Hyperinflation

July 27, 2011 05:55


“it doesn’t solve the fundamental problem of excessive debt and of further, very substantial deficits.”

Gus Lubin at Business Insider

EXCERPTS:

America will keep piling on debt and printing money, as will Europe, leading to war and the collapse of governments:

“Well when the reset comes it will be say a hundred dollar bill will be exchanged for a one dollar bill or something like this. Before we have the Great Reset, the government they will increase the war effort under whatever excuse that will be but I think that is the likely course of action…The wealth destruction will be interesting because…the people that suffer the most before the reset happens are actually the cash holders.”

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