Marc Faber: Most Countries Are Engaged In A Ponzi Scheme; It Will Not End Well

From Marc Faber:

 - U.S. treasuries represent value only when compared to the insane returns in other developed countries.

 - Japan, and most countries around the world, are engaged in a Ponzi scheme. It will not end well.

- It will be perceived as positive if Republicans win U.S. elections, but in the real world it does not matter who is running the insane asylum.

- He still likes to own a percentage of his wealth in gold. He recommends diversification.

- If oil falls below $75 to $70 it can become negative for the U.S. economy.