Marc Faber On Sovereign Defaults, Bankruptcy And War

The always insightful and entertaining Marc Faber. Many of Faber's remarks are starting to line up with ours. The one that is most interesting is his closing remark. For any new readers, one of our major themes is that we are in a cycle of volatility. Faber sees the heightened potential for war; something we have written of a handful of times over the last few years. But while Faber views the U.S. as the major antagonist, I believe it is more reasonable that there will be many antagonists and the potential for conflict to erupt many places. I actually believe the U.S. populace is tiring of war. And if we gain control of our government, there will be great resistance against the neoliberal military "first strike" policies we have seen over the last decade. Of course, without the authority check of the American people, Washington politicians under the influence of ego and power are capable of anything so we shall see.

I can still picture our Treasury Secretary Hank Paulson remarking of how the world had achieved unprecedented cooperation and peace in our time. More so than at any time in his career. (Paraphrasing) Before Paulson's silly remarks we contrarily wrote, "This is the biggest bubble the world has ever seen. The world will literally shudder and shake when this cycle ends.". All in due time.