"I think based on historical precedent it's very likely they will , not tomorrow , and before they do they'll print money like crazy in other words monetize the debt , but eventually I think it is quite clear that the US will default or they can't keep their obligation , say that medicare has to cut down , medicaid cut down social security recipients will get less money or people will have to pay more taxes in either way something will happen..."
at http://marcfaberchannel.blogspot.com/2011/11/marc-faber-japan-and-us-can-default.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+MarcFaberBlog+%28Marc+Faber+Blog%29
at http://marcfaberchannel.blogspot.com/2011/11/marc-faber-japan-and-us-can-default.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+MarcFaberBlog+%28Marc+Faber+Blog%29
