Marc Faber: Massive Inflation and then War

Marc Faber is known to be fairly provocative (and accurate) with his predictions. As the U.S. government spends its way to oblivion, Faber foresees the mathematically inevitable: prohibitive interest payments that force the government to print, in Faber’s words, “worthless confetti.” In response, Faber believes the U.S. will go to war. Let’s hope not: two useless wars are enough.

Meanwhile, Americans have become progressively gloomier about the economy. According to a recent Bloomberg poll, 71% of Americans believe we are in a recession. Only 1 out of 6 Americans believe they are better off than they were 18 months ago. The collapse in public confidence, which appears unstoppable at this point, will send gold to unbelievable heights.