Faber: If We Analyzed The U.S. As A Company, It Would Be A Distressed Piece Of Trash

In an interview with Bloomberg's Margaret Brennan, Marc Faber hints that markets are improperly giving the U.S. government a free ride.

That's because if investors were to analyze the U.S. government as a company, they'd soon realize it is completely distressed. You might have suspected it as such, but here's a gloomy reminder from the man who sells the Gloom, Boom, and Doom report:

"If you add all the unfunded liability's the US has in terms of future liability's arriving from medicare, medicaid and social security, then obviously if the US was a corporation it wouldn't be a triple A, but it would have funds that are junks rated.

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See Also:

• Faber: First Comes Soaring Interest Payments, Then Inflation, Then Default, Then War
• Marc Faber: Big Banks Are The "Freakish Offspring" Of The Fed's Easy Money
• Marc Faber: Barack Obama Is Making Bush Look Like A Genius

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