Marc Faber on US States Debt & Doom

[Camtender]

Start watching at 4:50

Prior video talks with Moody's and US Debt.

http://www.youtube.com/watch?v=mHsVCE0-smE

[DRumsfeld2000]

Re: Marc Faber on US States Debt & Doom

Who are Moody's kidding? Are they really going to realistically downgrade over govt debt? The US debt is already over 100% of GDP and is to be raised by another $1.9trl to $14.9trl. Eventually it will be caught in an interest rate debt spiral. There is no way that the US will grow GDP at over 4% average over the next few years as forecast by Obamie. As for the UK, paying back debt by cutting expenditure after the elections will not happen. It will create huge unemployment as most of the recent job creation was govt jobs. There will riots and mass revolt.

Joke or what?

[Mega]

Re: Marc Faber on US States Debt & Doom

Rate-ing agents, never miss a thing!
;)
Mike