Thursday, November 8, 2012

Marc Faber : The U.S. will Default through a Depreciating Currency


Get the picture?





Marc Faber : The U.S. will Default through a Depreciating Currency


Currency debasement is a given. Its value is constrained by the infinite regression of time amd the finite regression of inputs - particularly Non-Renewable Natural Resources. Thus, the expected outcome of these two regressions is the gravitation of  its value towards zero. This, of courese, will brutally obliterate economic activity as it is slowly realized that the abstract constructs associated with all forms of currency or exchange can no longer be converted to concrete constructs. It will happen.

Shhhh... but don't tell anyone.  

Dr Peter G Kinesa




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