Friday, August 5, 2011

"The whole system will collapse"

Mark Faber tells CNBC that the global economy needs a reboot.
"The next time we have a global economic crisis, it will be much worse than 2008. Before this happens there will be money printing and there will be war. The whole system will collapse," he said. "That's why I'm advising people that they have to think it through. In a total collapse you don't want to own government bonds and cash."