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Friday, August 12, 2011

Will the Federal Reserve Make a Move for QE3?

Many analysts believe - while the Fed didn't offer up QE3 in its statement Tuesday - there's a complicit wink and nod which says, it's on its way.

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"The US fiscal position is a disaster if we include the unfunded liabilities and some kind of default will occur," he [Marc Faber] predicted.

He went on to explain that there are two ways that can lead to default: 1) Not paying interest and restructuring debt or 2) repaying the debt and the interest in a depreciated currency. Faber argues that the US Dollar is losing more value in terms of purchasing power than other currencies.-'I Can Smell QE3, QE4 and Many More,' Says Marc Faber

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