US dollar worthless!

Posted by Marc Faber - Business Intelligence

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Marc Faber the Swiss fund manager and Gloom Boom & Doom editor said the US dollar will become worthless when people eventually realise the fiscal situation in the US is a “disaster”.

Speaking today in an interview on Bloomberg TV, Faber said: “It will go to a value of zero eventually, but not right now”.

“I think it will take about 10 years until people realise that the fiscal situation of the US is a complete disaster,” Faber added.

The famed investor reiterated his long-held views that the Federal Reserve’s expansionist monetary policies are the causes of the financial crisis by creating a large amount of leverage in the system and creating a credit-addicted economy.

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