Marc Faber Predictions – First Country to Default?

One of the Marc Faber predictions is that sovereign debt default has been quite common throughout history. The next country that is very vulnerable could be the United States, Japan, Portugal, Italy, Ireland, Greece, or Spain. Before a country defaults, it will usually print money. So there will be a lot of inflation, and then financial reform follows.

The price level in the US is reasonable compared to the Eurozone. We might see the Euro falling apart in the future. Based on historical precedents, it is very likely that the US will default. They may try to cut down medicare or medicaid or social security. Either way, something will happen. Hyperinflation destroys the middle class and the lower class. The people who benefit are the ones who can shift money in and out of currencies very quickly. After that, the Marc Faber predictions call for war.

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The Marc Faber Video Blog features articles and videos from Marc Faber. A summary of each video is also provided. This page is updated with Marc Faber's investment advice and commentary on stock recommendations, the global financial markets, and the economy.

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