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Marc Faber: Equities Safer than Dollars

Acceptable inflation 2-7% annually and you have the case for commodities and export based countries. Any extreme devaluation/inflation will drop emerging markets like a rock which in turn create problems for their currency.

There are many nations that have a significant portion of their economy aimed at our markets - it is not going to change with a collapse in the US economy - it might even be aggravated. I think the false credit prosperity brought a small decoupling of emerging markets. But unfortunately the most unbearable argument is that we are all in this together and commodities such as metals and oil require growth in demand- not one time keynesian projects for simply sustaining current demand.