Dirtt

Marc Faber: Equities Safer than Dollars

"The staggering amount of dollar-denominated debt in the system, $50 trillion or so, is a gigantic synthetic short against the dollar. If you're a publicly traded company and have $10 billion in bonds outstanding, you can't repay that debt in Euros or yen or pesos. You have to repay it in dollars, and if you have other currencies you have to sell them for dollars to repay the loan. So the dollar may go a lot higher in the short run if the economy starts to implode. After the carnage is over -- whenever that may be -- the dollar will likely sink into the sunset. "

Concur