He looks at the underlying nature of the American economy and details the problems arising since 2007. Money printing -- along with the insidious effects of underreported inflation -- is to some extent disguising the sorry state of the US economy. Faber is cautious on China, and when questioned about Cyprus and the loss of depositor funds, raises pertinent points about the problems that deposit insurance may cause and what the ramifications of the bailout conditions in Cyprus may have on otherwise conservative investors.
Listen in for 25 minutes of economic common sense."
- Source, GoldMoney:
