A few observations from Faber:
- The regimes will try to keep the system alive as it is for as long as possible, which means there isn’t a fiscal cliff, there’s a fiscal Grand Canyon.
- Eventually you have either huge changes occurring in a peaceful fashion through reforms, or usually through revolutions.
- The time frame would be within five to ten years, everywhere in the Western world.
- The deficit here (in the U.S.), irrespective of who is in the White House, will stay above $1 trillion per annum for at least as far as the eye can see.
- "My medicine for the U.S. is: reduce government by minimum 50 percent,” he said. “The impact would be immediately an improvement in the economy.”
- The regimes will try to keep the system alive as it is for as long as possible, which means there isn’t a fiscal cliff, there’s a fiscal Grand Canyon.
- Eventually you have either huge changes occurring in a peaceful fashion through reforms, or usually through revolutions.
- The time frame would be within five to ten years, everywhere in the Western world.
- The deficit here (in the U.S.), irrespective of who is in the White House, will stay above $1 trillion per annum for at least as far as the eye can see.
- "My medicine for the U.S. is: reduce government by minimum 50 percent,” he said. “The impact would be immediately an improvement in the economy.”