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I'm an insurance broker who's interested in the market, economy and politics from the viewpoint of an average citizen.
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Buchholz Insurance Agency
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  • Faber: The US will default -- Ron Paul, "There will be rioting in the streets" 0 comments
    May 10, 2010 12:18 AM

    Neither Ron Paul nor Marc Faber are considered "mainstream" and yet each has a rather large following and at least the ear of many in the mainstream media.

    Both have been critical of U.S. and world economic policy for some time and have warned of dire consequences if those policies weren't rectified in relatively short order.

    Both are now ratcheting up their dire predictions. Many in the mainstream -- politicians, media, economists, businessmen and common citizens are becoming uneasy as the dire predictions appear to be playing out or at least becoming more feasible as the financial crisis continues to unfold. Marc Faber states flat out on CNBC that the the major western powers will default, including, specifically the United States:

    Congressman Ron Paul predicts that the Greek crisis will spread and that it can indeed spread to the United States, and that "there will be rioting in the streets.":

    No one can say the times we're living in are not interesting.

    Disclosure: No positions

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