‘Zimbabwe School of Economics’

U.S. Faces Critical Financial Point
Today on Bloomberg TV, Gloom, Boom and Doom’s Marc Faber spoke of the U.S. credit policy as being part of the problem. He said, neither Fed Chief, Ben Bernanke and Administration adviser, Paul Volker, see credit as a problem. Faber went on to say, “credit continued to grow through 2007 in-spite of rates increasing significantly. His video speaks of default or monetizing the debt as the U.S.’s only future.