Marc "Dr. Doom" Faber Warns of Crash and World War III

August 25, 2013 • 10:09AM

Marc Faber, known as "Dr. Doom" for his gloomy warnings which keep making big headlines on investment websites, was interviewed by the German DAF, (Deutsches Anleger Fernsehen [German Investor TV) in which not only warns of a big crash this autumn, but also against the outbreak of World War III—either in or via the Mideast, or in East Asia, involving a U.S. confrontation with the new hard-line leadership in China.

Faber says that the dramatic collapse of the "young national economies" of the world is an unmistakable harbinger of the coming inevitable crash of the global financial system. A "debt tsunami" is building up, which will cause an "inflation of rage" against those who are seen as the plunderers of the globe. The end of that will be painful, maybe mounting into a new world war even, Faber warns.