Marc Faber On Bloomberg May 3, 2010

• The Euro will remain weak, and there will be more bailouts
• All government’s in the Western world, will all have to be bailed out
• It is time to kick Greece out of the EU;
• The best is for Greece default
• The Chinese economy is going to slow down
• We will likely have a Chinese crash in the 9-12 months
• Chinese will become big buyers of gold if there is a crash
• All currencies are doomed
• Agricultural commodities look attractive

The future isn’t rosy for the U.S. in 2010. Marc Faber expects 2010 to be much more difficult after a 2009 stock run from its March lows. One of the biggest, if not the biggest, concern for Dr. Faber is the national debt and its interest rates which will potentially go up in the next 5 years. Also on Marc Faber concerns are credit bubbles in China and Dubai along with rising stock prices in certain emerging markets.

“Money printing doesn’t create wealth”