Will Grigg?s Liberty Minute

December 2, 2009

Legendary Swiss investor Marc Faber earned the nickname ?Dr. Doom? for his negative view of Washington?s management of the U.S. economy. As Faber?s dismal predictions are being fulfilled around us, he warns that much worse is yet to come.

Addressing a recent conference in Singapore, Dr. Faber warned that the credit expansion fueling the so-called stimulus program will end in an unprecedented economic bust. When that happens, Washington and other western governments, unable to finance expansion through borrowing, will turn to undisguised inflation, funding their expenditures by printing money. The resulting hyperinflation will wipe out what remains of the middle class.

At that point, Faber predicts, Washington ? and whatever friends it still has ? will turn to the oldest and most destructive stimulus program: ?There will be another war and it will be against an imaginary [or invented] enemy.?

Faber warns that no decent citizen should place his trust in Washington or the Federal Reserve. The wisdom of that warning is self-evident.

Let us take back the liberty wherewith Christ has made us free.