Watch but take care not to fall from your chair:
http://eclipptv.com/viewVideo.php?video_id=10106
Comment: I see no reason how to challenge Mark Faber. He is right on all counts. The problems have been building up over a long period of time. In the meantime many cried "wolf" and recessions and downturns have occurred, but a total collapse did not take place. Yet remember how the old fairy tale ends in the story about the wolf: finally the bad wolf shows up indeed. As the smart wolf that he is he waited for the time when only very few people were left to expect that he'll ever show up. The rest of th poeple was asleep trusting that government and central banks would take care of them. Yet as they only later found out, governmens and central banks, instead of being the guardians of the people, were part of the problem.
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